UAE-China Summit Announced at ADGM’s China Roadshow

UAE, 10 August, 2024 : Abu Dhabi Global Market (ADGM) has concluded a successful series of high-level engagements in China, including participation in the Shanghai Investment Summit organized by the Abu Dhabi Investment Office (ADIO). The roadshow, covering Shanghai and Hong Kong, saw the announcement of a new trade forum – the *UAE-China Summit presented by HSBC* – to be held during the upcoming Abu Dhabi Finance Week (ADFW) in December.

The UAE-China Summit will celebrate 40 years of diplomatic relations between the UAE and China, focusing on expanding bilateral trade, investment opportunities, and cultural exchange. The roadshow was extended from three to five days due to high demand for meetings, showcasing Abu Dhabi’s economic potential and ADGM’s role as a leading international financial center.

Over 75 major financial institutions from Hong Kong and China engaged in discussions with ADGM’s leadership, including representatives from the Financial Services Regulatory Authority (FSRA). Key topics included cross-border regulatory cooperation, expansion plans in Abu Dhabi, and strategies to boost liquidity in capital markets.

Arvind Ramamurthy, ADGM's Chief of Market Development, highlighted the growing international recognition of Abu Dhabi and ADGM’s role in promoting the city’s economic opportunities. Mohamed Al Marzooqi, CEO of HSBC Bank Middle East, noted the surge in bilateral investment and trade between the UAE and China, emphasizing the potential for increased business opportunities in the coming years.

Source : www.zawya.com