Abu Dhabi, Abu Dhabi Global Market (ADGM) has successfully concluded a series of high-level engagements in China and participated in the Shanghai Investment Summit, organised by the Abu Dhabi Investment Office (ADIO). The summit attracted 200 industry and financial executives from China and Hong Kong.
The roadshow, which spanned Shanghai and Hong Kong, included the announcement of the ‘UAE-China Summit presented by HSBC’, set to be a significant event during the upcoming Abu Dhabi Finance Week (ADFW) in December. This summit will commemorate 40 years of diplomatic relations between the UAE and China, aiming to enhance bilateral trade, investment opportunities, and cultural exchange, according to the Emirates News Agency (WAM).
Initially planned for three days, the roadshow was extended to five due to high demand for bilateral meetings. These engagements highlighted Abu Dhabi’s economic opportunities and ADGM’s status as the region’s fastest-growing international financial centre.
Over 75 major financial in
stitutions from Hong Kong and China engaged in strategic discussions with ADGM’s leadership, including representatives from the Financial Services Regulatory Authority (FSRA) of ADGM. Topics included cross-border regulatory cooperation, expansion plans in Abu Dhabi, and strategies to enhance liquidity in both capital markets.
Arvind Ramamurthy, Chief of Market Development at ADGM, remarked, “The positive response from our China and Hong Kong roadshows underscores Abu Dhabi’s rising international prominence. ADGM and ADFW continue to play a crucial role in promoting Abu Dhabi’s ‘Falcon Economy’ globally. We are poised to seize these unprecedented opportunities, further strengthening our strategic relations with China.”
Mohamed Al Marzooqi, Chief Executive Officer, UAE, HSBC Bank Middle East, added, “Bilateral investment between the UAE and China has reached billions, with non-oil trade at US$81 billion in 2023. As Abu Dhabi’s transformation plans progress and China’s pro-business policies enhance its global
trade and renewables leadership, we anticipate significant business growth. Our extensive presence and expertise in both markets uniquely position us to support these expanding opportunities.”
Source: Bahrain News Agency
