الهيئة العامة للرقابة المالية

• Mohamed Farid reviews regulatory framework, oversight mechanisms and dispute resolution with Chinese delegation.
• FRA Chairman: Investor protection and market integrity are the core of Egypt’s regulatory methodology.

Dr. Mohamed Farid, FRA Chairman received a high-level Chinese delegation led by Lin Xiaonie, Vice President of the Shanghai High People’s Court. This official visit marks the first of its kind between the two entities.

The visit aligns with FRA’s strategic direction to enhance international cooperation and exchange expertise in non-banking financial market supervision and oversight. A particular focus is placed on the legislative and regulatory aspects that directly impact the investment environment.

During the meeting, Dr. Farid presented FRA’s core philosophy, its regulatory framework, market oversight mechanisms and the processes for resolving disputes within the non-banking financial sector. He placed special emphasis on the pivotal role of the Egyptian Center for Arbitration and Settlement of Non-Banking Financial Disputes (ECAS).

He clarified that ECAS distinguishes itself by offering speed, accuracy and impartiality in dispute resolution, thereby bolstering confidence in the business environment and ensuring the stability of the investment climate for all involved parties.

Dr. Farid added that FRA’s regulatory methodology rests on two main pillars: The first is focused on protecting the rights of market participants; and the second centers on ensuring the integrity and stability of markets across the capital, insurance and financing sectors.

Dr. Farid pointed out that the Egyptian regulatory framework is not limited to local compliance but relies heavily on enhancing transparency and adhering to international standards. This approach serves to increase market efficiency and bolster its capacity to attract foreign investments.

For his part, Judge Lin Xiaonie commended the efforts of the Authority in developing the legislative and supervisory framework. He praised the progress achieved in strengthening market resilience and enhancing investor protection.

The Chinese judicial delegation expressed particular interest in learning about Egypt’s experience with financial arbitration mechanisms and their role in enhancing efficiency of the financial system and improving dispute resolution environment.

The two sides concluded the meeting by emphasizing the importance of continuous institutional cooperation between FRA and its counterparts in China. This collaboration will contribute to the development of regulatory and legislative systems and enhance confidence between Asian and African markets.

Both parties affirmed that reinforcing this cooperation represents a critical step toward fostering investment and supporting sustainable economic development pathways in both countries.