Governor of the CBE Meets with the President of the Industrial and Commercial Bank of China to Enhance Bilateral Cooperation

Cairo 03 June 2025:

H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), held a meeting with Mr. Liu Jun, President of the Industrial and Commercial Bank of China (ICBC), at the CBE’s premises to explore avenues of joint cooperation. The meeting was attended by Mr. Rami Aboulnaga, Deputy Governor of the CBE, Mr. Tarek ElKholy, Deputy Governor of the CBE, Mr. Mohamed Aboumoussa, Assistant Governor for the CBE, and Mr. Zhao Liuqing, Economic and Commercial Counselor of the Chinese Embassy in Cairo, alongside a broad selection of senior officials from both banks and representatives of the Chinese Embassy in Egypt.

The meeting featured discussions on strengthening economic, financial, and trade cooperation between the two sides. They also touched upon the possibility of an ICBC presence in Egypt, whether through a branch or a full-fledged bank, given the Egyptian market’s attractive investment environment across all sectors, particularly the resilience of the banking sector.

In this regard, Mr. Abdalla warmly welcomed the President of the ICBC and his accompanying delegation, emphasizing the strong Chinese-Egyptian strategic relations that form a fundamental pillar for advancing economic and financial cooperation. He further highlighted the CBE’s commitment to fostering mutual cooperation within the framework of the comprehensive bilateral cooperation.