The regulatory body, which oversees the Dubai International Financial Centre, said the visit by the 35 representatives, “attests to the increasing links between Dubai and Hong Kong as leading international financial centres […] and as gateways for the fast growing trade and investment flows between China and the Middle East”.
John Tsang, financial secretary of the Government of Hong Kong, led the delegation which was received by Saeb Eigner, chairman of the DFSA, his colleagues from the DIFC Authority and DFSA boards and prominent members of the UAE government and business community.
Eigner said: “The DFSA has learned much from the highly successful development of Hong Kong as a global financial centre in a rapidly growing region of the world.”
The DFSA said following the signing of regulatory agreements between it and the relevant Chinese regulators and the accompanying increased regulatory co-operation, the four leading Chinese banks have become well-established in the DIFC with rapidly growing business.
It added that the recent listing in the DIFC as well as in Hong Kong of the Hong Kong government’s first Sukuk issue “established the basis for further co-operation in the field of Islamic finance”. The $1bn Sukuk, the first AAA rated government Sukuk, was oversubscribed five times.
