FSDC and FSDP Signed a Memorandum of Understanding
Download
Media
FSDC and FSDP Signed a Memorandum of Understanding

Hong Kong, 24 January 2024 – The Financial Services Development Council (FSDC) and the Financial Sector Development Program (FSDP) today signed a Memorandum of Understanding (MOU) to strengthen collaboration between the financial markets of Hong Kong and the Kingdom of Saudi Arabia (KSA). This MOU is a statement of intent to deepen and strengthen the relationship between FSDP and FSDC through collaboration in various areas that could foster enhanced connectivity between the two financial markets in the KSA and Hong Kong.

The MOU was signed by Dr King Au, Executive Director of the FSDC, and Mr Faisal Alsharif, Director General of the FSDP. Distinguished guests, including Mr Christopher Hui, Secretary for Financial Services and the Treasury of the Government of the Hong Kong Special Administrative Region, and Mr Laurence Li, SC, Chairman of the FSDC, witnessed the signing ceremony.

"This collaboration marks a significant stride in solidifying Hong Kong's position as a leading international financial centre," remarked Mr Laurence Li, SC, expressing his enthusiasm for the partnership. "By joining forces with the FSDP, we strive to establish a comprehensive financial market connectivity that benefits businesses in both regions and facilitates cross-border investment flows."

The MOU signifies collaboration in key areas, including supporting capital market connectivity, conducting joint research and knowledge sharing, organising exchange programmes and joint events, and harnessing synergy and mutual interest. It aims to enhance cross-border investments, share best practices in FinTech and talent development, boost connectivity through market promotion activities, and strengthen the financial alliance between Hong Kong and Saudi Arabia.

"With our shared vision for a mutually beneficial partnership," stated Mr Faisal Alsharif, "the FSDP and the FSDC are poised to unlock collaboration opportunities for the two financial markets, which solidifies our commitment to mutual collaboration and sets the stage for the advancement of our collective goals in fostering a robust, inclusive, and innovative financial landscape. This MOU is a testament to our commitment to facilitate ties connecting Saudi Arabia and Hong Kong financial markets."

This MOU marks a new chapter in Hong Kong-Saudi Arabia financial services collaboration. By working together, the two regions can forge a resilient and interconnected financial ecosystem, paving the way for enhanced economic growth, innovation, and shared prosperity.

Download

Cookie Settings

Cookies are small computer files sent from this site and stored on your browsing device to remember information about you, such as your preferences or online interaction with this site.   You do not need to allow cookies to visit and navigate this site and may choose not to accept cookies in your browser settings, but you may not be able to access to all its features as a result.  

This website uses Google Analytics, Google Tag Manager and Google Ads, which in turn use cookies.  Information collected by these cookies will be transmitted to and stored on Google’s servers, and used by Google to provide evaluative and analytical services on website activity and internet usage to us. 

We use the following types of cookies on this site (overview): 

Name 

Provider 

Purpose 

Expiry 

Category 

How to opt out 

UMB-UCONTEXT-C, 

Umbraco 

Used to maintain session of logged in user 

6 months 

Strictly necessary 

 

UMB_XSRF-V 

Umbraco 

Used to maintain session of logged in user 

6 months 

Strictly necessary 

 

UMB-SXRF-TOKEN 

Umbraco 

Used to maintain session of logged in user 

6 months 

Strictly necessary 

 

_gid 

Google 

Registers a unique ID for generating statistic data on how the visitor uses the website 

2 years 

Performance 

Opt-out link 

_ga 

Google 

Registers a unique ID for generating statistic data on how the visitor uses the website 

2 years 

Performance 

Opt-out link 

_gat 

Google 

Used by Google Analytics to throttle request rate 

2 years 

Performance 

Opt-out link 

_gtag_UA_170395871_1 

Google 

Used by Google Tag Manager to register a unique ID for visitor and used to calculate visitor, session and campaign data for the sites analytics reports 

2 years 

Performance 

Opt-out link 

__atuvc 

AddThis 

Associated with the AddThis social sharing widget and stores an updated page share count 

6 months 

Functionality 

Opt-out link 

Last updated: [02.06.2021] 

For more information about these cookies and the way your personal data is processed by them, see the embedded links to their providers in the table above. 

You have the right to decide whether or not to accept or reject non-essential cookies by ticking the boxes below.  Alternatively, you can exercise your cookie preferences by clicking on the relevant opt-out links provided in the table above.  You can also set up and change your cookie settings in your web browser preferences to accept or reject cookies (see https://www.allaboutcookies.org/manage-cookies/).  

Cookies aresmall computer files sent from this site and stored on your browsing device to remember information about you, such as your preferences or online interaction with this site. You do not need to allow cookies to visit and navigate this site and may choose not to accept cookies in your browser settings, but you may not be able to access to all its features as a result. 

This website uses Google Analytics, Google Tag Managerand Google Ads, which in turn use cookies. Information collected by these cookieswillbe transmitted to and stored on Google’s servers, and used by Google to provide evaluative and analytical services on website activity and internet usage to us.

We use the following types of cookies on this site(overview):

Name UMB-UCONTEXT-C,

Provider

Umbraco
Purpose Used to maintain session of logged in user

Expiry

6 months
Category Strictly necessary
How to opt out  

 

Name UMB_XSRF-V

Provider

Umbraco

Purpose Used to maintain session of logged in user

Expiry

6 months
Category Strictly necessary
How to opt out  

 

Name UMB-SXRF-TOKEN

Provider

Umbraco

Purpose Used to maintain session of logged in user

Expiry

6 months
Category Strictly necessary
How to opt out  

 

Name _gid

Provider

Google
Purpose

Registers a unique ID for generating statistic data on how the visitor uses the website

Expiry

2 years
Category Performance
How to opt out Opt-out link

 

Name _ga

Provider

Google
Purpose Registers a unique ID for generating statistic data on how the visitor uses the website

Expiry

2 years
Category Performance
How to opt out Opt-out link

 

Name _gat

Provider

Google
Purpose Used by Google Analytics to throttle request rate

Expiry

2 years

Category Performance
How to opt out Opt-out link

 

Name _gtag_UA_170395871_1

Provider

Google
Purpose Used by Google Tag Manager toregister a unique ID for visitor and used to calculate visitor, session and campaign data for thesitesanalytics reports

Expiry

2 years
Category Performance
How to opt out Opt-out link

 

Name __atuvc

Provider

AddThis
Purpose Associated with theAddThissocial sharing widgetand stores an updated page share count

Expiry

6months
Category Functionality
How to opt out Opt-out link

Last updated:[02.06.2021]

For more information about these cookiesand the way your personal data is processed by them, see theembeddedlinksto their providers in the table above.

You have the right to decide whether or nottoaccept or reject non-essential cookies by ticking the boxes below. Alternatively, you can exercise your cookie preferences by clicking on the relevant opt-out links provided in the table above. You can also set up and change your cookie settings in your web browser preferences to accept or reject cookies(see https://www.allaboutcookies.org/manage-cookies/).

Strictly Necessary Cookies

We use these cookies to assist you to navigate this site, register in our events and provide feedback to us.  These cookies are essential in order to enable you to move around the website and use its features or they are cookies that are required by law. You may set your browser to refuse or alert you of these cookies before accepting them by using this website, but without these cookies, services you have asked for (such as navigating between pages, setting your privacy preferences or filling in forms) cannot be provided. These cookies do not store any personally identifiable information and will expire after 6 months.

Performance Cookies

We make use of analytic cookies to analyse the number of visitors to our website and how our visitors use our website, services or applications, to track traffic sources, and to monitor website performance. This allows us to provide a high-quality experience by customising our offering and quickly identifying and fixing any issues that arise.

These cookies collect anonymised, aggregate information. If you do not allow these cookies, we will not know about your visit and usage of our website and will not be able to monitor its performance. These cookies will expire after 2 years.

Website Functionality Cookies

We make use of cookies to provide you with certain functionality and personalised experience. For example, to remember choices you make (such as e-newsletter subscription and report download, your language preference and location), to recognise the platform from which you access the site, and to provide enhanced and more personal features. These cookies are not used to track your browsing on other sites.   These cookies will expire after 6 months.

Targeting Cookies

These cookies collect information about the browsing habits associated with your device which is used to make advertising more relevant to you and your interests.  These cookies will expire after 6 months.   These cookies do not store any personally identifiable information.  We may however combine and use information collected with these cookies with other information about you to track or profile your interests.  We will use such information to provide you with targeted advertising and social media re-targeting and may engage third party providers to process such information on our behalf.  If you do not allow these cookies, you may not be able to receive targeted advertising.

These cookies are also placed by third parties, such as Google Analytics and similar service providers, when you visit and use functions or services provided by them on this website, such as the ‘Like’ or ‘Share’ buttons, and when you navigate away from this website to use their services.  These third party providers provide such services in return for recognising that you have (or more accurately your device has) visited certain websites.   The information stored by these cookies will be collected and used by the third party providers together with other information to build a profile of your interests, show you targeted advertisements on other websites and social media.  Such third party providers may also transfer the information to other third parties as required by law or to process the information on their behalf.  

 

Last updated: [02.06.2021]

 

This site uses cookies to optimise site functionality and give you the best possible user experience provided that you expressly consent thereto.

Learn more about cookies and manage your cookies settings here.