Hong Kong’s Monetary Providers Growth Council (FSDC) and the Qatar Monetary Centre Authority (QFCA), the authorized and tax arm of the Qatar Monetary Centre (QFC), have signed a Memorandum of Understanding (MoU) on Might 6, 2024 to construct collaboration efforts throughout the monetary sector in Qatar and Hong Kong, in response to a Might 7 media launch.
Beneath the MoU, FSDC and QFC will collaborate in information constructing by sharing greatest practices and experience, conduct joint skilled coaching workshops and alternate programmes, provoke thought management and facilitate delegation visits, the discharge mentioned.
Moreover, each events will alternate Information on market developments and regulatory developments in related worldwide monetary companies actions and merchandise. In addition they goal to host joint market promotion occasions to boost connectivity throughout various monetary service sectors.
The MoU was signed by Dr King Au, govt director of the FSDC, and Yousuf Mohamed Al-Jaida, chief govt officer of the QFC.
Al-Jaida, mentioned, “By means of collaboration and information sharing, we goal to foster larger innovation and development in each markets. Collectively, we are able to drive optimistic change and contribute to the continued development of the monetary companies business.”
Fung mentioned, “By means of the alternate of greatest practices and regulatory developments, we goal to create distinctive alternatives that convey mutual advantages to each monetary markets. This collaboration not solely bridges our monetary hubs but additionally displays our shared imaginative and prescient for excellence, and is predicted to bolster our aggressive edge on the worldwide monetary panorama.”
The signing of this MoU “signifies a pivotal step in direction of fostering seamless connectivity between the monetary markets of each areas, facilitating larger alternate of data, experience and market insights”, in response to the media launch.
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