QFCA, Hong Kong FSDC form strategic partnership to drive financial sector development

QFCA, Hong Kong FSDC form strategic partnership to drive financial sector development

The Qatar Financial Centre Authority (QFCA) and The Financial Services Development Council (FSDC) of Hong Kong have formed a strategic partnership to drive financial sector development.In this regard, they have signed a memorandum of understanding (MoU) to strengthen their relationship through collaborative efforts across the financial sector in Qatar and Hong Kong.The MoU was signed by Yousuf Mohamed al-Jaida, chief executive officer of QFCA, and King Au, executive director of the FSDC in the presence of Joseph Chan, Under Secretary for Financial Services and the Treasury of the Government of the Hong Kong Special Administrative Region; and Daniel R Fung, vice-chairman of the FSDC.Under the MoU, QFC and FSDC will collaborate in various domains, including knowledge building by sharing best practices and expertise, conducting joint professional training workshops and exchange programmes, initiating thought leadership on topical issues affecting both entities and facilitating delegation visits.Additionally, both parties will exchange vital information on market trends and regulatory developments in relevant international financial services activities and products.They also aim to host joint market promotion events to enhance connectivity across diverse financial service sectors."Through collaboration and knowledge sharing, we aim to foster greater innovation and growth in both markets. Together, we can drive positive