The Financial Sub-Committee of the High-Level Saudi-Chinese Joint Committee held its fourth meeting virtually, on May 28, 2025, and was chaired by His Excellency the Saudi Minister of Finance Mr. Mohammed Aljadaan, and His Excellency the Chinese Minister of Finance Mr. Lan Fo'an, along with the participation of other representatives from both sides.
The participants discussed the economic and financial cooperation opportunities—both bilateral and multilateral—between the Kingdom of Saudi Arabia and the People's Republic of China. They also discussed ways to enhance the effectiveness of international financial institutions, and to consolidate the strategic partnership between the two nations.
Participants also exchanged views and recommendations to strengthen bilateral cooperation in various economic and financial fields including tax policies, capital markets, banking regulation, finance, infrastructure development, and public-private partnerships.
During the meeting, Minister Aljadaan said that Saudi Arabia and China have a key role in achieving global economic integration through their effective participation in multilateral platforms, highlighting that these platforms provide an optimal opportunity for both nations to support emerging economies and achieve important economic goals such as development, poverty reduction, and promoting effective and inclusive dialogue globally.
Minister Aljadaan also emphasized the importance of continuing to deepen trade and investment relations, promoting financial integration, and coordinating policies between both nations to promote shared prosperity and sustainable development. He emphasized the importance of exploring new and innovative domains, enhancing research and development, and deepening public-private partnerships in order to create an inclusive and competitive financial environment.
Minister Aljadaan also noted that there are many promising investment opportunities in the Kingdom for investors from China, which include projects in the infrastructure, tourism, and industry sectors, in addition to partnerships between the Saudi public sector and Chinese companies.
During the meeting's first session entitled, "Economic and Financial Multilateral Coordination," His Excellency the Saudi Vice Minister of Finance, Mr. Abdulmuhsen Alkhalaf, highlighted the leading role of both nations in international financial institutions and organizations, including the World Bank and IMF. He also stressed the need for global forums such as the G20 to focus on economic priorities and adopt a cooperative approach to provide practical solutions for global challenges.
Vice Minister Alkhalaf commended Saudi Arabia and China's exceptional ability to mobilize international resources to reform economic structures and restore bridges of cooperation through pioneering initiatives that have benefited the global economy and emerging market economies, including the Debt Service Suspension Initiative and the Common Framework for Debt Treatment. He highlighted the importance of continuing efforts and exploring potential opportunities for cooperation in global and regional multilateral organizations to support the position of both nations globally.