Doha: Qatar Financial Centre Authority (QFCA), the legal and tax division of the Qatar Financial Centre (QFC), has signed pivotal agreements with the Hong Kong Trade Development Council (HKTDC) and Hang Seng Indexes Company Limited (HSIL) to enhance financial sector collaboration with Hong Kong.
According to Qatar News Agency, the Memorandum of Understanding (MOU) with HKTDC and the Heads of Terms (HOT) with HSIL represent significant advancements in trade, investment, and financial collaboration between Qatar and Hong Kong. These agreements were formalized during the visit of a business delegation from Hong Kong and Mainland China, led by John Lee, the Chief Executive of Hong Kong Administrative Region of the People Republic of China, to Doha on 11-12 May 2025.
The MOU with HKTDC sets up a framework for cooperation in sharing sector-specific insights and facilitating market access for businesses in both regions. The agreement also includes collaboration on trade-related events such as forums and exhibitions, with a commitment to cross-promote initiatives on digital platforms. Moreover, it aims to internationally promote Qatar's services via HKTDC platforms and provide regulatory guidance to Hong Kong companies entering the Qatari market through QFC.
The HOT with HSIL outlines joint efforts to enhance market presence through stakeholder engagement and leveraging each party's networks and platforms. This involves cooperation on potential events and workshops, public education on capital markets, and data exchange. Additionally, the agreement explores the feasibility of developing and promoting financial indices aligned with the strategic goals of both parties.
QFC's Chief Executive Officer, Yousuf Mohamed Al Jaida, emphasized the importance of these partnerships, stating that they are crucial milestones in deepening strategic ties with Hong Kong and enhancing Qatar's global connectivity. He highlighted the potential for growth and innovation that these collaborations unlock for businesses in both economies.
Dr. Peter Lam Kin-ngok, Chairman of the Hong Kong Trade Development Council, expressed optimism about the collaboration, noting the potential for extensive cooperation between the QFC community and Hong Kong delegates. His comments underscore HKTDC's commitment to fostering deeper economic engagement and creating mutually beneficial opportunities for businesses in both regions.
These agreements highlight QFC's dedication to expanding Qatar's global reach and reinforcing its status as a hub for capital markets and international business. They also reflect a shared vision between Qatar and Hong Kong to foster long-term collaboration, opening new avenues for investment and business opportunities.