HONG KONG – Officials from the Hong Kong Monetary Authority and the Saudi Central Bank (SAMA) met in Hong Kong on Thursday to further strengthen bilateral cooperation between the financial services sectors of the two places.

The HKMA and the SAMA officials had in-depth discussion on a range of issues covering several major areas including financial infrastructure development, supervisory technology adoption, global investment outlook and opportunities, and experience in economic research, the HKMA said in a notification.

“Connectivity between Hong Kong and Saudi Arabia has been growing in recent years,” said HKMA Chief Executive Eddie Yue Wai-man.

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The HKMA is looking forward to strengthening partnership with the SAMA and continuing its exchange in areas of mutual interest, to further enhance the two jurisdictions’ roles as the gateways between the Middle East and Asia, he said.

SAMA Governor Ayman Al-Sayari said the bilateral meeting reinforced continuous cooperation between central banking authorities, highlighting their shared commitment to fostering international collaboration, sharing knowledge, and driving innovation to support a robust and resilient financial system.

“We look forward to deepening our dialogue with the HKMA through ongoing exchanges of views, experiences, and policy insights,” he added.

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Thursday’s meeting followed an earlier bilateral meeting between the HKMA and the SAMA in Riyadh in July 2023.