• Home
• /
• Business

DIFC in deal with China Banking Association

dubai - Entities will collaborate on sharing best practices

The Dubai International Financial Centre (DIFC) has announced the signing of a memorandum of understanding with the China Banking Association (CBA).

DIFC and CBA will collaborate on sharing best practices and delivering enhanced services to their communities of over 2,000 active registered firms operating in the Centre, and 695 member units in the Association in the areas of financial services and FinTech.

The two entities will also explore ways of providing education and professional training to members of their respective communities, in areas of common interest and mutual benefit.

The MoU was signed by Arif Amiri, CEO of DIFC Authority, and Guangwei Pan, CEO of China Banking Association.

Amiri said: "This partnership with China Banking Association is a strategic milestone in cementing DIFC's longstanding connection to China's financial community. What we aim to create, together with China Banking Association, is a stream of opportunities and best practices that allow our communities to collaborate on unlocking new areas for development."

- business@khaleejtimes.com