Finance ministers and central bank chiefs of the Group of 20(G20) nations are meeting in Shanghai to discuss key issues regarding the global financial market.
 
The meeting will open with a dinner seminar Friday at the city's Pudong Shangri-La Hotel.
 
Discussions are likely to focus on the slowdown of China’s economic growth, key countries’ monetary policies and stability of the global financial market.
 
Participants are expected to seek ways to boost cooperation on macroeconomic policies pursued by the G20 countries and expand investment and infrastructure in a bid to break the low-growth streak in the global economy.
 
U.S. Treasury Secretary Jack Lew earlier said that each participating country must mobilize all policies and that related burdens must not be laid onto one party. 
 
Attention is being drawn on whether the gathering will produce an agreement on the devaluation of the Chinese currency, like the 1985 Plaza Accord, an agreement to devalue the U.S. dollar.
 
However, Chinese Finance Minister Lou Jiwei has dismissed such a possibility, saying that the issue of weakening the yuan is not among the topics that will be discussed.