The Financial Sub-Committee of the High-Level Saudi-Chinese Joint Committee convened its fourth meeting virtually on May 28, 2025. The session was chaired by Saudi Minister of Finance Mohammed Aljadaan and Chinese Minister of Finance Lan Fo’an, with other representatives from both countries participating.
Discussions focused on economic and financial cooperation opportunities between Saudi Arabia and China. Participants explored ways to enhance the effectiveness of international financial institutions and strengthen the strategic partnership between the two nations.
Minister Aljadaan remarked on the roles of Saudi Arabia and China in global economic integration through multilateral platforms. He noted these platforms offer opportunities to support emerging economies and achieve goals like development, poverty reduction, and promoting effective global dialogue.
Aljadaan emphasized deepening trade and investment relations, promoting financial integration, and coordinating policies for shared prosperity. He also highlighted exploring new domains, enhancing research, and deepening public-private partnerships to create a competitive financial environment.
Investment opportunities in Saudi Arabia for Chinese investors were noted by Aljadaan, including projects in infrastructure, tourism, industry sectors, and partnerships between the Saudi public sector and Chinese companies.
In a session titled “Economic and Financial Multilateral Coordination,” Saudi Vice Minister of Finance Abdulmuhsen Alkhalaf highlighted both nations’ roles in international financial institutions like the World Bank and IMF. He stressed focusing on economic priorities in global forums such as the G20 to provide practical solutions for challenges.
Vice Minister Alkhalaf praised Saudi Arabia’s and China’s ability to mobilize resources for economic reform through initiatives like the Debt Service Suspension Initiative. He underscored continuing efforts to explore cooperation opportunities in multilateral organizations to support their global position.
