From June 18 to 19, 2025, the People's Bank of China hosted a series of meetings in Hangzhou, including the 68th Vice-Presidents' Meeting of the Meeting of Presidents of East Asia and Pacific Central Banks (EMEAP), the 37th Monetary and Financial Stability Committee (MFSC) of EMEAP, the 44th Asian Bond Fund Supervisory Committee (EAOC) and the 40th Pan Asia Index Fund Supervisory Committee (PAIF SC). Xuan Changneng, Deputy Governor of the People's Bank of China, attended the relevant meetings and presided over the 68th Vice-Presidents' Meeting of the Meeting of Presidents of East Asia and Pacific Central Banks (EMEAP). He exchanged views with all parties on topics such as the global and regional economic and financial situation, the monetary policy framework and communication strategy under the background of supply-side shocks, the risks of non-bank financial institutions, and the impact of the development of artificial intelligence on economic and financial stability. He listened to the progress reports of various working groups of EMEAP and discussed the future reform and development of the EMEAP mechanism. Xuan Changneng introduced China's economic and financial situation and macroeconomic policies, emphasizing that in the face of global trade uncertainty, China's economy remains sufficiently resilient and its macroeconomic policies are more proactive. EMEAP economies should continue to strengthen coordination and cooperation, speak with one voice, maintain the rules-based global trading system, and jointly promote the steady development of the global and regional economies.