ADGM to set up offshore yuan center

UAE firm banks on B&R to boost ties with Chinese financial institutions

Abu Dhabi Global Market, an international financial center located in the capital city of the United Arab Emirates, launched its first overseas office in Beijing on Friday to spur liquidity and capital inflows into the Middle East and China.

"We are honored that Beijing is where we are establishing our first overseas presence to further Abu Dhabi and ADGM's ongoing commitment to the Belt and Road Initiative. The China Office is an extension of ADGM's role as a financial services regulator in supporting Abu Dhabi's economic commitment to strengthening its regulatory and financial collaborations with the Chinese government and enterprises," said Ahmed Ali Al Sayegh, chairman of Abu Dhabi Global Market, at the opening ceremony of the ADGM China Office.