Abu Dhabi Global Market (ADGM), the UAE's financial hub, has announced the launch of its first overseas representative office in Beijing, capital of China.
The ADGM China Office reinforces Abu Dhabi’s ongoing collaborations with the Chinese government and financial and business community, a statement said.
ADGM said the move also demonstrates its commitment to China and its Belt-and-Road initiative that focuses on linking the markets of Europe, Africa, the Middle East, Asia and increasingly those of Africa.
As part of the launch of the China office, ADGM entered into new collaborations with key Chinese authorities and institutions to augment the Belt-and-Road growth plans, the statement added.
Ahmed Al Sayegh, chairman of ADGM, said: "We are pleased to inaugurate ADGM’s first overseas office in the capital of China and honoured to play a part in supporting the long-term growth plans of both China and the UAE.
"The ADGM China Office will continue its regulatory collaborations with the authorities, initiating new projects and joint activities to generate more cross-border connectivity and opportunities between the two economies.
"We look forward to bolstering the long-term financial and investment needs and interests of the UAE and China."For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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