Finance

ECB, China's central bank renew cooperation agreement

Published by Global Banking & Finance Review

Posted on June 11, 2025

1 min read

· Last updated: January 23, 2026

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ECB, China's central bank renew cooperation agreement
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FRANKFURT (Reuters) -The European Central Bank said on Wednesday it signed a memorandum of understanding with the People's Bank of China to update their existing cooperation in central banking. The

ECB and People's Bank of China Renew Central Banking Cooperation

FRANKFURT (Reuters) -The European Central Bank said on Wednesday it signed a memorandum of understanding with the People's Bank of China to update their existing cooperation in central banking.

The update of a 2008 agreement between the two central banks includes a framework for the regular exchange of information, dialogue and technical cooperation, the ECB said in a statement.

(Reporting by Ludwig Burger, editing by Thomas Seythal)

Key Takeaways

  • The ECB and People's Bank of China updated their 2008 cooperation agreement.
  • The agreement includes regular information exchange and dialogue.
  • Technical cooperation between the two central banks is emphasized.
  • The update aims to strengthen central banking relations.
  • The agreement reflects ongoing global financial collaboration.

Frequently Asked Questions

What agreement did the ECB sign with the People's Bank of China?
The European Central Bank signed a memorandum of understanding with the People's Bank of China to update their existing cooperation in central banking.
What does the updated agreement include?
The update of the 2008 agreement includes a framework for the regular exchange of information, dialogue, and technical cooperation.
When was the original agreement between the ECB and PBOC established?
The original agreement between the European Central Bank and the People's Bank of China was established in 2008.

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