The Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority deepen financial cooperation and market connectivity

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).

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Gate Daily Report (April 7): SEC submits crypto “safe harbor” proposal to the White House; Argentina president and LIBRA call records exposed

Bitcoin gives back its gains on April 7, trading at $68,800. A U.S. SEC “safe harbor” proposal for crypto has been submitted for review by the White House. Argentina’s President Milei has been accused of having multiple calls with LIBRA’s founder, sparking a scandal. Bitcoin’s market volatility is high; it’s advised to control leverage to prevent large-scale liquidations.

MarketWhisper3h ago

Two Federal Reserve officials warn that inflation is in a serious situation, and it has remained above target for five straight years

Gate News message: On April 7, Federal Reserve officials Hamek and Goolsby warned that the inflation situation is severe and could even get worse. The two officials believe that the inflation problem is more serious than the job market, implying support for tightening monetary policy. In an interview, Goolsby rated the inflation outlook as "orange," while Hamek said that inflation has been above its target level for five consecutive years, and that the current situation is "absolutely a more vivid, brighter orange."

GateNews5h ago

Can Trump’s ultimatum stop the ceasefire? Oil prices are rising, and Bitcoin has fallen to 68K

The market is concerned about the impending military action, causing U.S. crude oil (WTI) prices to break above $112 per barrel and the stock market to rise slightly. Bitcoin briefly climbed to $70,351, then subsequently fell to $68K, and Ether also dropped below $2,100. Investors are watching the Federal Reserve meeting minutes and the inflation indicator PCE data, as the economic outlook remains unclear.

ChainNewsAbmedia5h ago

Wells Fargo Bank Adjusts Forecast: The Federal Reserve Will Keep Interest Rates Unchanged in 2026

Gate News announcement, April 6, Wells Fargo adjusted its forecast for the Federal Reserve (U.S. Federal Reserve System) 2026 interest rate policy, expecting the Federal Reserve to keep interest rates unchanged in 2026, whereas the prior forecast was for two rate cuts this year.

GateNews15h ago

Citigroup Adjusts Its Fed Rate-Cut Outlook: Delaying From June to September

Gate News, April 6, Citibank adjusts its expectations for Federal Reserve rate cuts, forecasting that the timing for the first rate cut will move back from the previously expected June to September.

GateNews16h ago
Comment
0/400
No comments