The Central Bank of Uzbekistan and the National Financial Regulatory Administration (NFRA) of the People's Republic of China have signed a Memorandum of Understanding (MoU) to strengthen cooperation in banking supervision.
The agreement lays the groundwork for enhanced bilateral engagement in financial oversight, including joint efforts to improve supervision of the banking sector and promote regulatory transparency. It also provides for the exchange of information on key issues such as anti-money laundering (AML) and counter-terrorism financing (CTF).
The MoU is expected to facilitate the operation of Chinese banks in Uzbekistan’s financial market, helping to support growing economic ties between the two countries.
As part of the agreement, the two sides will hold regular consultations, share supervisory expertise, and launch joint initiatives aimed at deepening regulatory cooperation.
Established in early 2023, the NFRA serves as China’s key authority for overseeing the financial sector. In September 2024, the Central Bank of Uzbekistan accredited the representative office of the Export-Import Bank of China (Eximbank).
Shortly after, Eximbank opened a regional office in Tashkent, which now oversees the bank’s activities across eight countries in Central Asia and the Caucasus—Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Azerbaijan, Armenia, and Georgia.
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