Central Bank of Egypt and Chinese Regulator Ink MoU on Financial Sector Cooperation

between the Arab Republic of Egypt and the People’s Republic of China

the Central Bank of Egypt (CBE) hosted a high-level Chinese delegation led

by Mr FU Wanjun, Vice Minister of the China National Financial Regulatory

Administration (NFRA), during an official visit to Cairo

Mr Tarek ElKholy, Deputy Governor of the Central Bank of Egypt, welcomed

the delegation at the CBE headquarters, where both sides held in-depth

discussions on strengthening regulatory cooperation in the banking sector

enhancing cross-border supervision, and developing robust channels for

knowledge sharing and technical collaboration

MoU Signed to Facilitate Licensing, Cross-Border Supervision, and Exchange of Information

 Central Bank The meeting culminated in the signing of a Memorandum of Understanding (MoU)

between the CBE and NFRA, aimed at bolstering joint financial regulatory efforts

The MoU includes provisions for

Licensing coordination for banks and financial institutions operating in either country

Supervisory cooperation regarding cross-border banking activities

Exchange of supervisory information to promote financial system safety and stability

Technical training and capacity building in the area of banking supervision

The agreement aligns with the legal and regulatory frameworks of both countries

and reinforces their mutual commitment to regulatory transparency, effective supervision

and the stability of financial institutions

Commitment to Modernizing Supervision Through AI and Regulatory Innovation

Deputy Governor Tarek ElKholy highlighted the importance of the visit and expressed

appreciation for the strong cooperation between Egypt and China. He emphasized that

the MoU presents a valuable opportunity to expand financial collaboration and regulatory

harmonization, particularly in The use of advanced technologies and artificial intelligence

in banking supervision

Policy dialogue on regulatory reforms and updates

Ensuring financial stability through collaborative oversight of regulated institutions

He also reaffirmed the CBE’s commitment to building long-term partnerships with international

regulatory counterparts to support a more resilient and innovative banking sector

 Central Bank : The MoU Marks a Milestone in Financial Regulatory Cooperation

 Central Bank Speaking during the event, Mr FU Wanjun, Vice Minister of NFRA, expressed his

appreciation for the hospitality and the shared vision between both institutions

He praised the efforts made to strengthen bilateral cooperation and stated that the

MoU represents a key milestone in

Institutionalizing regulatory dialogue between the CBE and NFRA

Sharing best practices in financial regulation and risk management

Building a foundation for future collaboration in areas of mutual strategic interest

He concluded by emphasizing that this agreement lays the groundwork for sustained regulatory

coordination, especially as both nations continue to modernize their financial systems and adapt

to emerging global challenges