HKMA Strengthens Financial Ties with Malaysia
The Hong Kong Monetary Authority (HKMA) delegation recently completed a three-day visit to Kuala Lumpur, Malaysia, with the aim of enhancing financial collaboration between the two regions. Led by Mr. Eddie Yue, Chief Executive of the HKMA, the delegation engaged in various strategic meetings and discussions to strengthen financial ties.
Strategic Meetings and Discussions
During the visit, the HKMA delegation conducted bilateral discussions with Bank Negara Malaysia (BNM) on key areas such as digital finance, green and sustainable finance, payment systems, local currencies for cross-border trade, and Islamic finance. These strategic discussions underscore the commitment of both regions to adapt and innovate in the evolving financial landscape.
Malaysia Business Forum
Representatives from HKMA and BNM participated in the Malaysia Business Forum organized by the Hong Kong Association of Banks. The forum brought together senior representatives from leading local and international banks in Malaysia and Hong Kong, facilitating discussions on financial cooperation and mutual interests, further solidifying bonds between the two regions.
Key Business and Financial Meetings
- Engaged with key business and financial leaders in Malaysia
- Explored new opportunities from enhanced economic ties
- Expected outcomes of these interactions
Remarks from HKMA Chief Executive
Mr. Eddie Yue emphasized the shared vision of Hong Kong and Malaysia in promoting regional economic cooperation, fostering fintech innovation, and supporting climate transition. Both regions, as gateways to their respective areas, are well-positioned to collaborate on sustainable growth and closer partnership across Asia.
Broader Engagement Strategy
The HKMA’s visit to Malaysia is part of a broader strategy to expand its global network. Following successful visits to other countries earlier in the year, the HKMA plans to continue engaging with countries in the Middle East and ASEAN to reinforce Hong Kong’s position as an international financial hub.
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