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HKMA, CBUAE Hold 2nd Bilateral Meeting
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The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) held the second bilateral meeting in Hong Kong today (20th), further solidifying co-operation and connectivity between the financial services sectors of the two jurisdictions. A Memorandum of Understanding (MOU) was signed to strengthen and formalize the cooperation arrangements.

Under the MOU, the two authorities have agreed to establish connectivity of the debt capital markets and the related financial market infrastructures between Hong Kong and the UAE with a view to facilitating cross-border debt securities issuance and investment activities.

Related NewsIndustrial Production MoM for Nov in United States is -0.1%, higher than the previous value of -0.3%. The forecast was 0.3%.

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