From July 15 to 16, 2022, Indonesia, the rotating chairman of the group of 20 (G20), presided over the third G20 finance ministers’ and central bank governors’ meeting this year in Bali by combining online and offline. The meeting mainly discussed the global economic situation, international health, international financial architecture, sustainable finance, financial sector reform, infrastructure investment, international taxation and other topics. Yi Gang, President of the people’s Bank of China, attended the meeting and delivered a speech via video link, accompanied by Vice President Chen yuliu< Br > < div class= "contheight" > < / div > the meeting generally believed that the current global economic recovery and financial stability are facing multiple challenges, the risks of the COVID-19, inflation, geographical situation and so on continue, and the problems of food and energy supply, capital flow fluctuations and so on are prominent. In this context, all parties should adhere to multilateralism, strengthen policy coordination, give full play to the role of the G20 as the main platform for international economic cooperation, maintain price stability, avoid negative spillovers, and use various policy tools in a flexible and accurate manner to jointly address current challenges< Br > < div class= "contheight" > < /div> all parties support continuing to help low-income countries cope with economic shocks. The meeting affirmed the progress made in the lending of special drawing rights (SDRs) and looked forward to the International Monetary Fund (IMF) starting the operation of the “resilience and sustainability trust” as soon as possible to provide long-term financial support to countries in need. All participants supported continuing to implement the common framework for debt disposal on a case by case basis in a timely, orderly and coordinated manner< Br > < div class= "contheight" > < / div > all parties agree that the international financial architecture should continue to be improved. All parties undertake to maintain the global financial safety net centered on IMF and promote the completion of the 16th General Inspection of IMF shares by the end of 2023 on schedule; We generally support improving the resilience of the international financial architecture by developing local currency capital markets and promoting sustainable capital flows< Br > < div class= "contheight" > < / div > the conference affirmed the importance of developing transitional finance. All parties unanimously welcomed the positive progress made by the G20 working group on Sustainable Finance in formulating the policy framework for transformational finance, and generally supported continuing to promote the work of encouraging financial institutions to implement the net zero commitment and improving the availability and affordability of sustainable finance. All parties will continue to implement the G20 roadmap for sustainable finance and guide market funds to support orderly low-carbon transformation< Br > < div class= "contheight" > < / div > all participants generally believed that the anti risk ability of the global financial system should be further improved. All parties support strengthening coordination in the implementation of relevant international standards, focusing on preventing cross-border spillovers and maintaining global financial stability. All parties supported the continued implementation of the G20 cross border payment roadmap and agreed to strengthen cross-border coordination and strictly supervise various encrypted assets such as stable currencies< Br > < div class= "contheight" > < / div > Yi Gang introduced China’s economic and financial situation in his speech, saying that China’s inflation is low and is expected to remain stable. Affected by the epidemic and external shocks, China’s economy is facing certain downward pressure, and the people’s Bank of China will strengthen the implementation of prudent monetary policy to provide stronger support for the real economy. Yi Gang said that the people’s Bank of China will continue to take the lead in formulating a framework for transformational finance policies, work with all parties to promote the implementation of the G20 roadmap for sustainable finance, and give full play to the important role of Finance in supporting carbon peak and carbon neutrality.