The UAE-China Summit was announced at ADGM's China Roadshow.

Abu Dhabi Global Market (ADGM) recently completed a series of high-level engagements in China and took part in the Shanghai Investment Summit organized by the Abu Dhabi Investment Office (ADIO). The summit was attended by 200 industry and financial executives from China and Hong Kong.

The roadshow covered Shanghai and Hong Kong, where a new trade forum called 'The UAE-China Summit presented by HSBC' was announced. This forum is set to be one of the sub-events of the upcoming edition of Abu Dhabi Finance Week (ADFW) in December.

The UAE-China Summit presented by HSBC will celebrate 40 years of diplomatic relations between the UAE and China, aiming to further explore bilateral trade and investment opportunities and promote cultural exchange between the two countries.

Initially planned for three days, the series of roadshows were extended to five days due to the overwhelming demand for bilateral meetings and discussions. These meetings aimed to showcase Abu Dhabi’s economic opportunities and investment potential as the ‘Capital of Capital,’ and ADGM’s value proposition as the region's fastest-growing international financial center.

During the roadshows, over 75 major financial institutions, including private equity firms, hedge funds, asset managers, and family offices from Hong Kong and China, actively engaged in strategic discussions with ADGM’s leadership, including representatives from the Financial Services Regulatory Authority (FSRA) of ADGM and other key ADGM executives. Discussions covered areas such as cross-border regulatory cooperation with the Hong Kong Monetary Authority, expansion plans in Abu Dhabi for various Hong Kong and Chinese firms, and strategies to enhance liquidity in each other's capital markets.

Arvind Ramamurthy, Chief of Market Development at ADGM, remarked, “The enthusiastic response we received during the China and Hong Kong roadshows emphasizes Abu Dhabi’s growing international recognition. Along with ADGM, ADFW has played a pivotal role in taking Abu Dhabi’s ‘Falcon Economy’ global. The demand in the Chinese subcontinent is unprecedented, and both Abu Dhabi and ADGM are ready to embrace these opportunities, further strengthening the 40-year diplomatic relations between our strategically important nations.”

Mohamed Al Marzooqi, Chief Executive Officer, UAE, HSBC Bank Middle East, stated, “Over the last decade, bilateral investment between the UAE and China has reached billions of dollars, with the UAE's non-oil trade with China reaching US$81 billion in 2023. As Abu Dhabi’s multi-year transformation plans accelerate and China’s pro-business policies bolster its status as a giant in international trade and a global leader in renewables, we foresee a surge in both inbound and outbound business opportunities along the corridor. Our long-standing presence in both countries, extensive expertise and international network position us well to support businesses and institutions seeking to capture investment and financial flows along these two dynamic markets.”