As part of the ongoing efforts to deepen strategic bilateral relations 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
