Hong Kong to allow lenders from Qatar, UAE to advise on local banking sector in a boost to financial ties with Middle East
Published on: Monday 05 June 2023
Hong Kong is set to allow banks from Qatar, the United Arab Emirates (UAE) and Liechtenstein to advise on industry issues in the city, a step that will enhance collaboration especially between Hong Kong and the Middle East. The Panel on Financial Affairs of Hong Kong's Legislative Council has proposed an amendment to a segment of the Hong Kong Association of Banks (HKAB) Ordinance, which will add the three countries to a list of constituent regions that currently comprises 21 regions and territo