DUBAI: King Leung, Global Head of Financial Services and FinTech at InvestHK, the Hong Kong Investment Promotion Authority, said that Hong Kong is ramping up cooperation with the UAE to unlock access for Chinese companies to the GCC markets.
Speaking to the Emirates News Agency (WAM) on the closing day of the Dubai FinTech Summit 2024, he explained that Joseph Chan, Undersecretary, 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 Mainland China to Dubai and Abu Dhabi during the period from May 7 to 9 to highlight business opportunities between the Emirates and Hong Kong.
On their visit to the UAE, business leaders from Hong Kong and mainland China will engage in focused discussions with local stakeholders, policymakers, investors, family offices, and channel partners in digital assets, financial technology, and wealth management. These meetings aim to strengthen collaboration and explore pot
ential business opportunities arising from the synergies between the two economies.
Last September, during Hong Kong’s Belt and Road Summit, the Financial Services and Treasury Bureau of the Hong Kong Special Administrative Region Government signed a Memorandum of Understanding (MoU) with Dubai’s Department of Economy and Tourism. This MoU aims to strengthen economic cooperation between the two sides, particularly in the area of financial services.
Source: Emirates News Agency