On June 25, 2026 PBOC'S PAN met Brazil finance minister Durigan to discuss
international macro policy coordination and deeper bilateral financial
cooperation. Both sides agreed to strengthen China‑Brazil financial ties, use
the strategic financial cooperation working group to deepen investment and
financing cooperation, promote bilateral use of local currencies and advance
financial infrastructure connectivity. They expect China Central Depository &
Clearing Co., China Foreign Exchange Trade System and Brazil's stock exchange to
reach consensus on a memorandum of understanding on market cooperation. Both
parties supported expanding the China‑Brazil Sustainable Development and
Capacity Cooperation Fund to deploy climate and clean‑energy projects. During
the meeting Pan and Durigan witnessed Brazil's finance ministry submit a panda
bond issuance application to the National Association of Financial Market
Institutional Investors via Bank of China.
