U.S., China Hold First Meeting of New Financial Working Group, Discuss Regulation and Stability
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U.S. and China held first meeting of new financial working group, where they discussed financial stability, supervision, regulation, sustainable finance, and anti-money laundering.
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Meeting included officials from U.S. Treasury and China's central bank.
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Comes after launch of financial and economic working groups following July meeting between Yellen and China.
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Yellen separately met with China's central bank governor, discussed debt issues in developing countries and global financial architecture.
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Yellen said U.S.-backed IMF quota increase likely to succeed despite China's reluctance without increased shareholding.