ADGM's new office in China move proves its commitment to the world's second-largest economy.
Abu Dhabi - Move demonstrates commitment to Asian powerhouse's Belt-and-Road and other initiatives
Published: Sat 12 May 2018, 8:41 PM
Updated: Sat 12 May 2018, 10:43 PM
Abu Dhabi Global Market (ADGM) announced the launch of its first overseas representative office in Beijing in the presence of eminent senior officials and industry leaders from both countries.
The ADGM China Office reinforces ADGM's role in supporting the UAE's growth strategy and strengthening Abu Dhabi's ongoing collaborations with the Chinese government and financial and business community.
The office further demonstrates ADGM's commitment to China and its Belt-and-Road initiative that focuses on enhancing the connectivity and cooperation along the land-based 'Silk Road Economic Belt' and ocean-going 'Maritime Silk Road', linking the markets of Europe, Africa, the Middle East, Asia and increasingly those of Africa.
As part of the launch of the representative office, ADGM entered into new collaborations with key Chinese authorities and institutions to augment the Belt-and-Road growth plans.
"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," ADGM chairman Ahmed Al Sayegh said.
"One of our key commitments will be working with the relevant authorities in China and Abu Dhabi to support the yuan's internationalisation strategy and build up an offshore yuan centre serving the Mena region via ADGM. We look forward to bolstering the long-term financial and investment needs and interests of the UAE and China."
- business@khaleejtimes.com
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