DUBAI - The Hong Kong Special Administrative Region is ramping up cooperation with the UAE to unlock access for Chinese companies to the Gulf Cooperation Council markets, said the global head of financial services and finTech at InvestHK.

Speaking to the Emirates News Agency (WAM) on the closing day of the Dubai FinTech Summit 2024, King Leung said Undersecretary for Financial Services and the Treasury Joseph Chan Ho-lim is leading a delegation of more than 30 business leaders from the Chinese mainland and the HKSAR to Dubai and Abu Dhabi on May 7-9 to highlight business opportunities between the UAE and the SAR.

On their visit to the UAE, business leaders will engage in focused discussions with local stakeholders, policymakers, investors, family offices, and channel partners in digital assets, financial technology, and wealth management. These meetings aim to strengthen collaboration and explore potential business opportunities.

READ MORE: 21 MoUs signed during Belt and Road summit in Hong Kong

During the Belt and Road Summit in the SAR last September, the city's Financial Services and Treasury Bureau signed a memorandum of understanding with Dubai's Department of Economy and Tourism. This MoU aims to strengthen economic cooperation between the two sides, particularly in the area of financial services.