Foresight News reports that the Central Bank of the United Arab Emirates (UAE) and the Hong Kong Monetary Authority (HKMA) held their third meeting on February 11th local time in Abu Dhabi. The meeting was jointly hosted by H.E. Khaled Mohamed Balama, Governor of the UAE Central Bank, and Hong Kong Monetary Authority Chief Executive Yu Weiwen. This meeting is part of the ongoing efforts by both parties to strengthen cooperation and connectivity in the financial services sector between the two regions, reflecting the depth of their institutional collaboration and shared regulatory vision.
Building on the progress made during the second meeting held in Hong Kong in December 2024, the UAE Central Bank and HKMA engaged in in-depth discussions on several key areas. These include cross-border debt capital market connectivity; digital assets, tokenization, and central bank digital currency development; evolving trends in stablecoin regulation; and supply chain financing. Following the memorandum of understanding signed during the second meeting, which established connectivity between debt capital markets and related financial market infrastructure, the UAE Central Bank has joined the Central Clearing System for debt instruments (Hong Kong’s core securities custody platform).
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