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The Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority Enhance Financial Cooperation

On May 30th, according to the website of the Hong Kong Monetary Authority, the Central Bank of the United Arab Emirates (UAE Central Bank) and the Hong Kong Monetary Authority held a bilateral meeting on May 29th (Abu Dhabi time) in Abu Dhabi to enhance cooperation in the financial services sector between the two regions. During the meeting, the UAE Central Bank and the Hong Kong Monetary Authority discussed several cooperation plans, and agreed to strengthen cooperation in the three major categories of financial infrastructure, mutual market access for the two regions' financial markets, and the regulation and development of virtual assets. In addition, the two sides facilitated discussions and knowledge sharing on cooperation plans for the development of financial technology innovation hubs in their respective regions.

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