The Governor of the People's Bank of China, H.E. Pan Gongsheng, received the Governor of the Central Bank of Libya, H.E. Naji Mohammed Issa Belqasem, and the accompanying delegation in Beijing, as part of ongoing efforts to strengthen financial and banking cooperation between the State of Libya and the People's Republic of China and to further consolidate the strategic economic partnership between the two countries.<\/p>\n\n\n\n
The meeting featured extensive discussions on prospects for expanding bilateral cooperation across the banking and financial sectors, as well as enhancing the institutional partnership between the two central banks in support of financial sector development and its capacity to respond effectively to the rapidly evolving global economic landscape.<\/p>\n\n\n\n
As part of efforts to strengthen cooperation in cross-border payment and settlement systems, the two sides officially agreed to facilitate the participation of Libyan banks in the Cross-Border Interbank Payment System (CIPS). This strategic milestone is expected to streamline trade and financial transactions, facilitate cross-border payments and transfers between Libya and China, improve the efficiency of financial transactions, enhance trade flows, and better serve the business communities of both countries.<\/p>\n\n\n\n
The two sides also reached an agreement on diversifying Libya's investment portfolio through entry into the Chinese bond market, in line with the Central Bank of Libya's strategy to diversify its reserve investment portfolio and strengthen reserve management. H.E. the Governor of the People's Bank of China welcomed this initiative, reaffirming China's support for the Central Bank of Libya's strategic direction and encouraging broader investment cooperation to further promote trade and investment between the two countries.<\/p>\n\n\n\n
The meeting also explored opportunities to benefit from China's leading experience in developing financial sector infrastructure, digital payment systems, and modern financial technologies. These areas of cooperation are expected to support the Central Bank of Libya's efforts to modernize banking services, improve operational efficiency, and align its financial infrastructure with international standards and global best practices.<\/p>\n\n\n\n
Both Governors underscored the importance of maintaining close coordination, exchanging expertise, and further strengthening institutional cooperation between the two central banks. They reaffirmed their shared commitment to expanding financial and economic cooperation and building a deeper, more sustainable strategic partnership that reflects the strength of bilateral relations and the mutual aspirations of both countries for sustainable development and shared prosperity.<\/p>\n\n\n\n
At the conclusion of the meeting, the two sides agreed to launch the Libyan\u2013Chinese Banking Forum for the first time. The inaugural forum will be held on the sidelines of the Forum on China\u2013Africa Cooperation (FOCAC) in early 2027, serving as an institutional platform that brings together banks and financial institutions from both countries to promote investment partnerships and expand cooperation opportunities across the banking and financial sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Governor of the People’s Bank of China, H.E. Pan Gongsheng, received the Governor of the Central Bank of Libya, H.E. Naji Mohammed Issa Belqasem, and the accompanying delegation in Beijing, as part of ongoing efforts to strengthen financial and banking cooperation between the State of Libya and the People’s Republic of China and to […]<\/p>\n","protected":false},"author":8,"featured_media":87747,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[48],"tags":[],"class_list":["post-87746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/posts\/87746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/comments?post=87746"}],"version-history":[{"count":1,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/posts\/87746\/revisions"}],"predecessor-version":[{"id":87748,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/posts\/87746\/revisions\/87748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/media\/87747"}],"wp:attachment":[{"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/media?parent=87746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/categories?post=87746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/tags?post=87746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}