Financial regulators in Uzbekistan and China have taken a significant step towards integrating their supervisory systems. The Central Bank of the Republic of Uzbekistan and the State Administration of Financial Supervision and Regulation of the People’s Republic of China have signed a Memorandum of Understanding that lays the foundation for closer cooperation in the field of banking supervision.
According to official statements, this agreement aims not only to formally strengthen bilateral ties, but also to create an effective mechanism for improving the efficiency of supervision over the activities of credit institutions in both jurisdictions. Experts view this step as a logical continuation of Uzbekistan’s policy of economic liberalisation and attracting foreign investment, primarily from China, which is the country’s key trading partner. Deepening cooperation in the financial sector is seen as a necessary element in ensuring the stability and security of large-scale joint projects.
https://upl.uz/economy/54247-news.html
