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At Extreme Investor Network, we provide you with the latest news and insights in the world of finance, blockchain, cryptocurrency, and much more. Today, we are excited to share with you the recent developments in the financial collaboration between Hong Kong and Malaysia.
HKMA Strengthens Financial Ties with Malaysia
The Hong Kong Monetary Authority (HKMA) delegation concluded a three-day visit to Kuala Lumpur, Malaysia, with the goal of enhancing financial collaboration between the two regions. Led by Mr. Eddie Yue, Chief Executive of the HKMA, the delegation engaged in strategic meetings and discussions with Bank Negara Malaysia (BNM) on various key areas.
Strategic Meetings and Discussions
The discussions between the HKMA delegation and BNM focused on digital finance, fintech, green and sustainable finance, payment systems, the use of local currencies for cross-border trade, and Islamic finance. These meetings underscore the commitment of both regions to innovate and adapt in the rapidly 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. This forum provided a platform for over 160 senior representatives from leading banks in Malaysia and Hong Kong to discuss financial cooperation and mutual interests, further strengthening the ties between the two regions.
Key Business and Financial Meetings
In addition to formal meetings, the HKMA delegation engaged with key business and financial leaders in Malaysia to explore new opportunities arising from the enhanced economic and financial ties. These interactions are expected to pave the way for future collaborations and mutual growth.
Remarks from HKMA Chief Executive
Mr. Eddie Yue emphasized the shared vision of promoting regional economic cooperation, fintech innovation, and climate transition between Hong Kong and Malaysia. As gateways to the Mainland and ASEAN respectively, both regions are well-positioned to drive closer partnership and sustainable growth across Asia.
Broader Engagement Strategy
The visit to Malaysia is part of the HKMA’s broader strategy to expand its global network. Following successful visits to other countries, the HKMA plans to further engage with the Middle East and ASEAN countries, crucial for maintaining and strengthening Hong Kong’s status as an international financial center.
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