UAE Central Bank Joins Hong Kong’s CMU to Expand Debt Market Connectivity

The Central Bank of the UAE (CBUAE) and the Hong Kong Monetary Authority (HKMA) held their third meeting in Abu Dhabi.

Khaled Mohamed Balama, Governor of the CBUAE, and Eddie Yue, Chief Executive of the HKMA, chaired the meeting.

It aimed to strengthen collaboration and connectivity between the financial sectors of both jurisdictions. The meeting built on progress from their second meeting in Hong Kong in December 2024.

Officials discussed cross-border debt capital market connectivity, developments in digital assets, tokenisation, central bank digital currencies, stablecoin regulations, and supply chain financing.

Senior representatives from both institutions attended, highlighting their commitment to advancing technical and strategic cooperation.

The CBUAE has joined the Central Moneymarkets Unit (CMU), Hong Kong’s core central securities depository for debt securities.

This follows a MoU signed at the previous meeting. It establishes connectivity in debt capital markets and related financial infrastructure.

Membership in the CMU gives the CBUAE and UAE investors direct access to Chinese Mainland capital markets and financial assets via Hong Kong. This represents a significant step in regional financial integration.

Khaled Mohamed Balama said:

Khaled Mohamed Balama

Eddie Yue said:

Eddie Yue

Featured image credit: Edited by Fintech News Hong Kong, based on image by mrsiraphol via Freepik

This article first appeared on Fintech News Middle East

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