This readout via the People's Bank of China:

  • China’s Xuan Changneng, Deputy Governor of the PBoC, attended the ASEAN+3 Finance and Central Bank Deputies Meeting in Kuala Lumpur.

  • He chaired discussions as China’s co-chair of the 10+3 Finance and Financial Cooperation Mechanism.

  • Key topics included:

    • Impact of US tariffs on global and regional macroeconomics.

    • Strengthening the Chiang Mai Initiative Multilateralization (CMIM).

    • Enhancing the role of the 10+3 Macroeconomic Research Office (AMRO).

    • Deepening regional policy coordination and improving the regional financial safety net.

  • The meeting adopted legal arrangements for RMB investment under the CMIM.

  • China, Japan, and South Korea also held a separate trilateral meeting to discuss economic and financial cooperation.

  • Xuan reaffirmed China’s commitment to a moderately loose monetary policy to support market stability and economic recovery.

  • He held bilateral talks with senior officials from South Korea and Singapore to discuss global uncertainty and its national impacts.

Bolding above is mine.

pboc
Source: Forex Live