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Securities and Futures Commission, DFSA
Hong Kong and Dubai regulators have agreed to deepen cooperation in each other’s markets with the way collective investment scheme managers are supervised, highlighting how China’s “Belt and Road” strategy is continuing to play out in financial markets.

A Memorandum of Understanding was signed last week by the Securities and Futures Commission of Hong Kong and the Dubai Financial Services Authority, which regulates the Dubai International Financial Centre (DIFC).

The MoU was presented during the 10th Belt and Road Summit in Hong Kong, officiated by CEO of Hong Kong, John KC Lee and attended by the SFC’s chairman, Dr Kelvin Wong, its CEO Julia Leung and the DFSA’s chief executive Mark Steward.

The pact sets out a framework for consultation, cooperation and the exchange of information.

“This new milestone is set to reinforce Hong Kong’s pivotal role on the China-Middle East Corridor amidst ongoing global challenges,” Leung said.

“DIFC, Dubai and the United Arab Emirates’ role as a gateway between Asia and the Middle East is more vital than ever,” Steward added. “Our partnership with the SFC reflects a shared commitment to regulatory excellence, supervision and cross-border innovation – ensuring that firms based in each other’s markets can operate with confidence, integrity, and impact. Together, we are laying the regulatory foundations for international capital to be mobilised ever more responsibly.”