China Pushes for Greater Influence in IMF and Asian Financial Institutions

China calls for critical IMF reforms to increase its voting shares to reflect its economic power and global output share
China's central bank governor advocated for a collective Asian voice and regional monetary mechanism
Xi Jinping stated having influence in global financial rulemaking is a key attribute of a financial superpower
China stands to benefit the most from upcoming IMF quota adjustments and capital injection
There is common interest in Asia to explore establishing dedicated regional financial institutions and mechanisms