Abu Dhabi Global Market Announces UAE-China Summit

A new trade forum, the UAE China Summit, was announced to celebrate 40 years of diplomatic relations between the two countries. This forum will be part of the upcoming edition of Abu Dhabi Finance Week (ADFW) in December.

The news comes as the Abu Dhabi Global Market (ADGM) recently finished a series of important meetings in China and took part in the Shanghai Investment Summit organized by the Abu Dhabi Investment Office (ADIO). The event featured 200 industry and financial leaders from China and Hong Kong.

The announcement of a new trade forum, "The UAE-China Summit presented by HSBC," was made at the roadshow covering Shanghai and Hong Kong. The upcoming summit aims to boost trade, investment, and cultural exchange between the two countries.

The roadshows, originally set for three days, were extended to five days because of the high demand for meetings and discussions. These meetings aimed to highlight Abu Dhabi's economic opportunities and investment potential and to promote ADGM as the region's fastest-growing international financial center.

"The enthusiastic response we received during the China and Hong Kong roadshows underscores Abu Dhabi's growing international recognition," Arvind Ramamurthy, Chief of Market Development at ADGM, was quoted as saying by WAM.

He further said that alongside ADGM, ADFW also plays an important role in carrying Abu Dhabi's "Falcon Economy" across global borders.

"The demand in the Chinese subcontinent is unprecedented, and both Abu Dhabi and ADGM are ready to embrace these opportunities, further strengthening the 40-year diplomatic relations between our strategically important nations," he added.

More than 75 major financial institutions from Hong Kong and China - including private equity firms - hedge funds, asset managers, and family offices, had important discussions with ADGM's leadership.

Mohamed Al Marzooqi, Chief Executive Officer of the UAE in HSBC Bank Middle East, noted that over the last decade, bilateral investment between the UAE and China has reached billions of dollars, with the UAE's non-oil trade with China reaching US$81 billion last year.

"As Abu Dhabi's multi-year transformation plans accelerate and China's pro-business policies bolster its status as a giant in international trade, and a global leader in renewables, we foresee a surge in both inbound and outbound business opportunities along the corridor," Al Marzooqi said.

"Our long-standing presence in both countries, extensive expertise and international network position us well to support businesses and institutions seeking to capture investment and financial flows along these two dynamic markets," he added.