HKMA Strengthens Financial Ties with Malaysia

HKMA
Strengthens
Financial
Ties
with
Malaysia

The
Hong
Kong
Monetary
Authority
(HKMA)
delegation
concluded
a
three-day
visit
to
Kuala
Lumpur,
Malaysia,
aiming
to
enhance
financial
collaboration
between
the
two
regions.
According
to
the
official
press
release
from
the
HKMA,
the
delegation
was
led
by
Mr.
Eddie
Yue,
Chief
Executive
of
the
HKMA.

Strategic
Meetings
and
Discussions

During
their
visit,
the
HKMA
delegation
held
bilateral
meetings
with
Bank
Negara
Malaysia
(BNM).
The
discussions
focused
on
several
strategic
areas,
including
digital
finance
and
fintech,
green
and
sustainable
finance,
payment
systems,
the
use
of
local
currencies
for
cross-border
trade,
and
Islamic
finance.
These
meetings
highlight
the
commitment
of
both
regions
to
innovate
and
adapt
in
the
rapidly
evolving
financial
landscape.

Malaysia
Business
Forum

Representatives
from
HKMA
and
BNM
also
participated
in
the
Malaysia
Business
Forum,
organized
by
the
Hong
Kong
Association
of
Banks.
The
forum
was
attended
by
over
160
senior
representatives
from
leading
local
and
international
banks
operating
in
both
Malaysia
and
Hong
Kong.
This
platform
facilitated
discussions
on
financial
cooperation
and
topics
of
mutual
interest,
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,
Chief
Executive
of
the
HKMA,
commented,
“Hong
Kong
and
Malaysia
share
a
vision
of
promoting
regional
economic
cooperation,
fintech
innovation,
and
climate
transition.
As
the
gateway
to
the
Mainland
and
a
leading
economy
in
ASEAN
respectively,
Hong
Kong
and
Malaysia
are
well-positioned
to
work
together
to
drive
closer
partnership
and
sustainable
growth
across
the
entire
Asia
region.”

Broader
Engagement
Strategy

This
visit
to
Malaysia
is
part
of
the
HKMA’s
broader
strategy
to
expand
its
global
network.
Following
successful
visits
to
Thailand,
Saudi
Arabia,
and
the
United
Arab
Emirates
earlier
this
year,
the
HKMA
plans
to
continue
its
engagement
with
the
Middle
East
and
other
ASEAN
countries.
These
efforts
are
crucial
for
maintaining
and
further
strengthening
Hong
Kong’s
status
as
an
international
financial
center.

Mr
Eddie
Yue,
Chief
Executive
of
the
Hong
Kong
Monetary
Authority
(front
row,
third
from
left),
and
Datuk
Abdul
Rasheed
Ghaffour,
Governor
of
the
Bank
Negara
Malaysia
Authority
(front
row,
third
from
right),
conducted
a
bilateral
meeting
on
24
May
with
delegates
from
both
sides
to
enhance
collaboration
between
the
financial
industry
in
the
two
jurisdictions.

Mr
Eddie
Yue,
Chief
Executive
of
the
Hong
Kong
Monetary
Authority,
delivered
a
keynote
speech
at
the
Malaysia
Business
Forum
in
Kuala
Lumpur
on
23
May.

Image
source:
Shutterstock

.
.
.

Tags