Following the first meeting of the Economic Working Group on Monday, the United States and the People’s Republic of China today held the first meeting of the Financial Working Group (FWG), which serves as an ongoing channel for both countries to discuss financial policy matters and cooperation on common challenges. The two-hour virtual meeting included a substantive and wide-ranging discussion on domestic and global financial stability, financial supervision and regulation, sustainable finance, and anti-money laundering and countering the financing of terrorism (AML/CFT). U.S. officials also frankly raised areas of ... (full story)