On July 7, 2026 PBOC'S PAN attended the Hong Kong Currency and Fixed Income
Summit and witnessed the pilot operation of the Hong Kong Central Gold Clearing
System and the launch of Shanghai–Hong Kong gold market cooperation. He and Hong
Kong Chief Executive John Lee also witnessed a cooperation memorandum between
the Cross‑border Interbank Payment System (CIPS) and Hong Kong Exchanges and
Clearing. During the visit Pan met John Lee and held talks with Hong Kong
Financial Secretary Paul Chan, Hong Kong Monetary Authority chief YUE MON and
the CEO of the Securities and Futures Commission to exchange views on the
macro‑financial outlook, deeper mainland–Hong Kong market connectivity,
strengthening Hong Kong’s offshore RMB market, and measures to bolster Hong Kong
Kong’s international financial center status.