Saudi Arabia 🇭🇰 collaborates with Hong Kong 🇸🇦 on financial infrastructure development, including payments and tokenization.
Hong Kong is expanding its financial collaboration with the Kingdom of Saudi Arabia, targeting tokenization and payments infrastructure agreements.a bilateral meeting to strengthen the integration of financial services between the two countries.initiatives such as financial infrastructure development, open market operations, market connectivity and sustainable development. The central banks also signed a memorandum of understanding to promote joint discussions on financial innovation.
“There is a lot of room for cooperation between the Kingdom of Saudi Arabia and Hong Kong in the fields of economy and trade, sustainable development, finance and fintech,” HKMA chief executive Eddie Yue said. SAMA governor Ayman Alsayari noted that the MoU will not only promote the continued development of the relationship between Hong Kong and Saudi Arabia, but also help them “move towards In the future.”
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