HKMA and SAMA deepen financial cooperation between Hong Kong and Saudi Arabia
The Hong Kong Monetary Authority (HKMA) and the Saudi Central Bank
(SAMA) held a bilateral meeting in Hong Kong yesterday (5 December) to
further strengthen the bilateral cooperation between the financial
services sectors of the two jurisdictions.
During the
meeting, the HKMA and the SAMA engaged in an in-depth discussion
covering several major areas, including financial infrastructure
development, supervisory technology adoption, global investment
outlook and opportunities, and experience in economic research.
The meeting followed an earlier bilateral meeting between the
HKMA and the SAMA, held in Riyadh in July 2023.
Mr Eddie Yue,
Chief Executive of the HKMA, said, “We are delighted to welcome the
SAMA delegation to Hong Kong. Connectivity between Hong Kong and Saudi
Arabia has been growing in recent years. We look forward to
strengthening our partnership with the SAMA and continuing our
exchange in areas of mutual interest, to further enhance the Kingdom
of Saudi Arabia and Hong Kong’s roles as the gateways between the
Middle East and Asia. ”
Mr Ayman Al-Sayari, Governor of the
SAMA, said, “The bilateral meeting reinforced the continuous
cooperation between our central banks, highlighting our shared
commitment to fostering international collaboration, sharing
knowledge, and driving innovation to support a robust and resilient
financial system. We look forward to deepening our dialogue with the
HKMA through ongoing exchanges of views, experiences, and policy
insights. ” Hong Kong Monetary Authority 6 December 2024