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Chinese fintech company Lianlian DigiTech has officially inaugurated its Middle East regional headquarters in Dubai International Financial Centre's Gate Village. The opening follows the firm securing a Category 3D Payment Service Provider license from the Dubai Financial Services Authority.
China Securities has approved a $725.3 million capital boost for its Hong Kong subsidiary CSC Financial (International), bringing its capital base to $1.39 billion. The expansion follows the firm securing a Dubai International Financial Centre licence to establish a presence in the Middle East. The firm also recently backed UAE-based Mashreq Bank's offshore yuan bond issuance.
Guangdong Governor Wang Weizhong met with Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, in Guangzhou to expand bilateral cooperation across trade, advanced manufacturing, and emerging industries. Following the meeting, both leaders witnessed the signing of a memorandum of understanding on fostering exchanges and cooperation. The engagement coincides with expanding Chinese bank syndicated financing for UAE energy projects.
Ras Al Khaimah has signed a cooperation agreement with Guangdong Province to enhance collaboration in key sectors including manufacturing and technology. The signing was witnessed by Ras Al Khaimah Ruler Sheikh Saud bin Saqr Al Qasimi and Guangdong Governor Wang Weizhong. The partnership targets digital economy, scientific innovation, smart cities, and tourism.
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