The Hong Kong Economic and Trade Office in Dubai held a fifth-anniversary event to mark expanding trade and commercial ties between Hong Kong, mainland China, and the United Arab Emirates. Attendees included Chinese Ambassador to the UAE Zeng Jixin, Chinese Consul-General in Dubai Ou Boqian, and UAE Ministry of Finance Assistant Undersecretary Ali Abdullah Sharafi. Officials emphasized the UAE's position as a key logistics and commercial hub for Chinese firms expanding in the Middle East, while noting Hong Kong's role as a financial connector for UAE investors seeking access to mainland China under the Belt and Road Initiative.
In Abu Dhabi, the Eurasian Development Bank (EDB) and Abu Dhabi-based wealth manager ACM Limited entered into a Memorandum of Understanding to develop structured finance solutions and expand access to international capital markets. The partnership will focus on fixed-income products, credit-linked notes, and investment funds connecting capital and financing opportunities across the UAE, China, Oman, and Central Asia.
The signing ceremony was held during an event marking the launch of the EDB's office at the Abu Dhabi Global Market (ADGM), attended by representatives from the UAE Ministry of Finance. EDB Management Board Chairman Nikolai Podguzov stated that expanding ties with Gulf financial institutions supports the mobilisation of international capital for development projects across Eurasia.
ACM Limited is regulated by the Financial Services Regulatory Authority at ADGM and manages over US $3 billion in client assets. By the end of June 2026, the EDB's cumulative portfolio reached 348 projects representing US $22.1 billion in total investment, primarily focused on transport infrastructure, digital systems, green energy, agriculture, and manufacturing.
Sources
- Hong Kong SAR Government Information Centre · 2026-11-12
