At the 2025 Lujiazui Forum in Shanghai, Pan Gongsheng, governor of the People’s Bank of China, pointed out a major issue in global finance. He observed that the shares and voting rights held by emerging markets and developing countries are much lower than their true economic weight. In plain terms, economies that are rapidly growing aren't getting the say they deserve in international financial institutions. 🔍
Pan stressed that these institutions must boost their economic oversight by objectively assessing global risks and encouraging active support for economic globalization and a fair multilateral trading system. This approach could help stabilize the international financial system and make sure all voices are heard in a fast-changing world. 🌐
For young professionals and tech-savvy audiences across South and Southeast Asia, this message is a call to modernize the global economic framework. As digital innovations reshape our lives, it's critical that financial oversight evolves too — ensuring a balanced, inclusive system that keeps pace with our dynamic future. 🚀
Reference(s):
Financial institutions should strengthen economic oversight: PBOC
cgtn.com
