The Abu Dhabi Securities Exchange has signed a memorandum of understanding (MoU) with the Hong Kong Exchanges and Clearing Limited to strengthen collaboration and expand partnership opportunities between the capital markets of the UAE and Hong Kong. This MoU builds upon the longstanding relationship established by the first agreement signed in March 2007.
The signing took place in Hong Kong during the Global Investopia Forum, with the presence of Mohammed Al-Hawari, Undersecretary of the Ministry of Investment, and Paul Chan Mo-po, Financial Secretary of the Hong Kong Special Administrative Region, highlighting the crucial role of this partnership in enhancing financial ties between the two regions.
The primary goal of the MoU is to broaden the international presence of the Abu Dhabi market and improve connectivity with global markets. This will be achieved by facilitating mutual access to the markets and supporting the development of joint products and services that cater to the evolving needs of investors.