The Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority held their third bilateral meeting in Abu Dhabi to deepen financial cooperation and market connectivity, including the Central Bank of the United Arab Emirates formally joining Hong Kong’s Central Moneymarkets Unit, the core central securities depository for debt securities. Discussions covered cross-border debt capital market connectivity, developments in digital assets, tokenisation and central bank digital currency, the development of regulatory frameworks for stablecoins, and supply chain financing. The Central Bank of the United Arab Emirates’ membership in the Central Moneymarkets Unit follows a memorandum of understanding signed at the December 2024 meeting and is positioned as enabling direct and cost-effective access for the central bank and investors in the United Arab Emirates to Chinese Mainland capital markets and financial assets via Hong Kong’s financial market infrastructure.
Central Bank of the UAE 2026-02-12
Central Bank of the United Arab Emirates joins Hong Kong’s Central Moneymarkets Unit in expanded cooperation with the Hong Kong Monetary Authority
The Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority held their third bilateral meeting in Abu Dhabi to enhance financial cooperation, with the UAE Central Bank joining Hong Kong’s Central Moneymarkets Unit. Discussions included cross-border debt market connectivity, digital assets, tokenisation, central bank digital currency, stablecoin regulation, and supply chain financing.