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Xu Zhengyu: Hong Kong and the Emirate of Dubai have signed a memorandum of understanding, including policy communication in various aspects such as virtual asset financing.

Hong Kong Financial Secretary Paul Chan Mo-po stated that as a participant, contributor and beneficiary of the Belt and Road Initiative, Hong Kong will work together with ministers from Saudi Arabia, the United Arab Emirates and Egypt to discuss the role and cooperation opportunities of Hong Kong and the Middle East as regional hubs to promote the continuous development of the Belt and Road Initiative. The Hong Kong Special Administrative Region Government has signed a memorandum of understanding with the United Arab Emirates to strengthen bilateral relations and cooperation, and to promote the sustainable development of the financial services industry in both places, including policy communication, knowledge exchange and cooperation opportunities in various areas such as family offices, financial technology, virtual assets, green and sustainable finance.

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