According to the official WeChat account of the People's Bank of China, in order to implement the important consensus reached during the Bali meeting between the heads of state of China and the United States, and based on the consensus reached during the July talks in Beijing by Vice Premier of the State Council and China US economic and trade leader He Lifeng and US Treasury Secretary Yellen, the first meeting of the China US Financial Working Group was held via video on October 25th. This meeting was co chaired by deputy officials from the People's Bank of China and the US Treasury Department, with the participation of the State Administration of Financial Regulation, the China Securities Regulatory Commission, as well as relevant financial regulatory departments such as the Federal Reserve and the US Securities and Exchange Commission. Both sides had professional, pragmatic, candid, and constructive communication on topics such as currency and financial stability, financial regulation, sustainable finance, anti money laundering and anti-terrorism financing, global financial governance, and other key concerns of both sides. Both parties agree to continue communication.