SAMA and HKMA Deepen Collaboration on Financial Stability and Innovation

KSA, 6 December, 2024 : The Saudi Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) held a bilateral meeting in Hong Kong to enhance cooperation under their Memorandum of Understanding.

Led by SAMA Governor Mr. Ayman M. Al-Sayari and HKMA Governor Mr. Eddie Yue, discussions covered macroeconomic developments, monetary policy outlooks, global financial markets, and financial infrastructure, with a focus on supervisory technology and advanced analytics. Both institutions also explored collaboration in financial stability, innovation, and payment system advancements.

The meeting coincided with Governor Al-Sayari’s participation in the Global Financial Stability Board's Plenary Meeting and EMDEs Forum, as well as a high-level seminar with other central bank governors and international financial officials.