ADGM said that the move also established its engagement to China and its Belt-and-Road initiative by focusing on linking the markets of Europe, Africa, the Middle East, Asia and of Africa.
The financial hub of UAE, Abu Dhabi Global Market (ADGM), has announced the launch of its first overseas representative office in Beijing, capital of China.
A statement said the ADGM China Office boosts Abu Dhabi’s ongoing collaborations with the Chinese government and financial and business community.
ADGM said that the move also established its engagement to China and its Belt-and-Road initiative by focusing on linking the markets of Europe, Africa, the Middle East, Asia and of Africa.
The statement also added ADGM entered into new collaborations with the Chinese authorities and institutions to develop the Belt-and-Road growth plans.
Ahmed Al Sayegh, chairman of ADGM, said, "We are pleased to inaugurate ADGM’s first overseas office in the capital of China and honoured to play a part in supporting the long-term growth plans of both China and the UAE.”
"The ADGM China Office will continue its regulatory collaborations with the authorities, initiating new projects and joint activities to generate more cross-border connectivity and opportunities between the two economies.”
"We look forward to bolstering the long-term financial and investment needs and interests of the UAE and China."
