The United States and China have agreed to coordinate their actions during times of financial stress, enhancing information sharing to facilitate quick coordination as needed. This agreement was reached following the fifth meeting of the US-China Financial Working Group, held in Shanghai. The meeting aimed to strengthen financial stability and maintain open communication channels. The two sides exchanged lists of financial stability contacts and discussed topics such as macroeconomic and financial stability, governance of the International Monetary Fund, and capital markets issues. The agreements will enable the financial management departments of both sides to maintain timely and smooth communication channels, reducing uncertainty when financial stress events occur. This cooperation is a rare example of the two major economies seeking common ground, particularly given the recent tensions between them. The meetings also included discussions on sustainable finance and areas of possible cooperation, with financial institutions participating for the first time. The agreements reflect a shared commitment to maintaining financial stability and ensuring economic resilience in the face of potential financial crises.