USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

Abu Dhabi partners with China to promote investment, fintech

Xinhua | Updated: 2017-07-04 11:20

DUBAI — The UAE's second biggest financial free zone has agreed to work with a Chinese cooperation zone to promote investment and fintech in both countries, Abu Dhabi's financial free zone said on its website on Monday.

Abu Dhabi Global Market (ADGM), the financial free zone in the capital of the UAE, announced in a statement that its regulatory body has signed an agreement with the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Authority).

"The agreement aims to facilitate greater investment cooperation and opportunities, as well as to strengthen the financial and fintech ecosystems in both markets," added the statement.

The move, according to ADGM, was to support China's Belt and Road Initiative, a grand project with the goals of building trade and infrastructure networks connecting Asia with Europe and Africa on and beyond the ancient Silk Road routes.

Richard Teng, CEO of the regulatory body of ADGM, said the agreement provides a strategic link that connects businesses, investors and stakeholders to investment and growth opportunities in the Middle East and North African markets.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US