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The Dubai International Financial Center (DIFC) signed a memorandum of understanding with the Chinese group Everbright Group, a public investment company active in banking, securities, insurance, funds of investment, badet management and futures
The Memorandum of Understanding was signed by Aref Amiri, Managing Director of the Middle East, Africa and Africa. Southeast Asia. Dubai International Finance Center (DIFC) and Ge Haigao, Deputy General Manager of China's Everbright Group, following a meeting between Eisa Kazim, Governor of Dubai International Financial Center (DIFC), and Li Chauping, President of Everbright Group.
The strategic location of the Center and its world-clbad platform to manage its investments in the region and seize its growth opportunities.
Development
"Dubai and China have strong cooperative relationships that are constantly evolving, fostering economic growth and making a positive impact in the region.
Through traps" We are proud of remarkable growth rates of Chinese companies in the center and we look forward to supporting the Group in its efforts to expand its global reach. "
Lee Shaoping said," Cooperation between the UAE and China continues to be strong. ;accelerate. Dubai has proved to be the ideal place to enhance our ability to capture the potential of rapidly growing emerging markets in the Middle East, Africa and Southeast Asia.
This cooperation agreement with the Dubai International Financial Center (DIFC) We are confident that the center's reliable and efficient infrastructure will enable us to expand our business by accessing various investment opportunities in the region.
Regional Headquarters
The DIFC is the Regional Headquarters of the Big Four Chinese Banks That Succeeded The Bank Also Promotes the Regional Headquarters of Large Chinese Companies, Including PetroChina, Shanghai Electric Investment, ZTE Corporation, New Silk Road and CME Catar Mining Investments. 19659004. The Center experienced steady growth in the badets of its listed Chinese financial institutions, which accounted for 22% of total badets at the end of the third quarter of 2017.
The total value of these badets was $ 33.4 billion 30.5% compared to $ 25.6 billion at the end of 2016.
This growth reflects the strength of cooperation and understanding between regulators in China and the DIFC, as well as the leading position as a gateway to these business opportunities in the Middle East, Africa and South Asia. The Dubai International Finance Center (DIFC) has stated that the Center is an ideal and reliable platform for Chinese companies wishing to launch and manage their investments and operations in the South-South Economic Corridor Markets through the environment. , laws and structures. Organizational Structure "There are now more than 4,000 Chinese companies operating in Dubai, and some of the most famous Chinese companies have chosen the Dubai Financial Center as a base to launch their regional operations, including the four largest Chinese banks." When the total badets, Bank of China, Agricultural Bank of China, Industrial Trade Bank of China, and China Construction Bank.
"The Dubai Financial Center continues to renew its commitment to support the" Belt and Road "initiative, China, particularly with the establishment of a sound and supportive financial platform for businesses Chinese while enjoying a strategic position to do it A unique incubator with all the ingredients that qualify it to be an important partner for the initiative. "
Strengthening
As part of the initiative to attract foreign direct investment and to strengthen the vital role of Dubai as a strategic center The Dubai International Financial Center (DIFC) has introduced further development and benefits in its portfolio of offerings and strong partnerships with Chinese institutions that continue to use the Center as a key gateway to growth opportunities. "
Chinese companies and Mag In May, the Center hosted a high-ranking Chinese delegation led by Qian Keiming, Vice Minister of Commerce of the People's Republic of China.
Delegation meeting focused on areas of cooperation That supports China's Belt and Road Initiative as a new silk route and highlights the growing interest of businesses and Chinese companies to continue to operate the center and its changing environment with its huge potential in the financial technology sector. ]
He said: "Bo The UAE, and Dubai in particular, is a key player in the" Belt and Road "initiative, through which China aims to connect Asia with the Middle East. East, Africa and Europe through a network of trade and infrastructure.
Eisa Kazem said that China is Dubai's largest trading partner, the UAE and China have well-established trade links and that total non-oil trade between 2017 and over $ 53.3 billion has reached 15%. "Compared to 2016.
He underlined the role played by Dubai, which has long formed a ring
We are proud of the strong relations we have established successfully with China, especially its financial community, and represents the level of interest we are still witnessing.China companies prove that the center plays a role more and more important as a gateway to growing ance, thanks to the world-clbad infrastructure structure.
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