Chinese official: Hong Kong is working to enhance cooperation with the UAE in the financial sector
Dubai, 7 May / WAM / King Leung, Global Head of Financial Services and FinTech at the Hong Kong Investment Promotion Authority, stressed the importance of participating in the Dubai FinTech Summit to highlight trade and investment opportunities between the UAE and Hong Kong, adding in statements to the Emirates News Agency, WAM. On the sidelines of the summit today: “Hong Kong is working to strengthen cooperation with the United Arab Emirates, to pave the way for the expansion of Chinese companies in the markets of the Gulf Cooperation Council countries.”
Leung pointed out that the Financial Services and Treasury Office of the Hong Kong Special Administrative Region Government signed a memorandum of understanding with the Department of Economy and Tourism in Dubai, during the Belt and Road Summit in Hong Kong last September, with the aim of enhancing economic cooperation in the areas of financial services between the two sides.
He pointed out that since the signing of this memorandum, there have been regular follow-up meetings by the two sides, with the aim of deepening cooperation in the areas of key financial services, wealth management, family offices, financial technology, and digital assets.
He explained that Joseph Chan, Under-Secretary of the Ministry of Financial Services and Treasury of the Hong Kong Special Administrative Region Government, is leading a delegation of more than 30 business leaders from Hong Kong and China to Dubai and Abu Dhabi during the period from May 7 to 9 to highlight business opportunities between the UAE and Hong Kong. In addition to highlighting the latest development trends in Hong Kong and China.
Leung stated that during their visit to the UAE, business leaders from Hong Kong and China will hold small group meetings with local stakeholders, policy makers, investors, family offices, and channel partners in digital assets, financial technology, and wealth management, in order to deepen cooperation and seek business opportunities between them. The two countries.
King Leung said: “Hong Kong is a starting point for Chinese companies to enter the markets of the United Arab Emirates and the Gulf Cooperation Council countries on a broader scale.”
It is noteworthy that the Dubai FinTech Summit, which concluded today in Madinat Jumeirah in Dubai, was organized by the Dubai International Financial Center, with the participation of more than 8,000 decision makers in more than 100 countries, and more than 300 thought leaders in the financial field and more than 200 exhibitors to discuss the latest innovations and technologies in this field.
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