UAE and China announces cooperation in fintech
The UAE and China have become partners aimed at fintech development and investment prospects, according to CryptoCoinsNews portal.
The article informs that ADGM international financial center in the UAE has started cooperating with Qianhai New District special economic zone in Shenzhen. This partnership is intended to enhance the trade network that connects Africa, Europe, and Asia like during Great Silk Way.
These two organizations will improve financial services, assist in investment flows and develop the financial sector. Besides, they will create a special platform to help fintech startups in China, Hong Kong, and the UAE.
“We will continue to foster and strengthen our partnerships with China and like-minded countries to build a dynamic and efficient financial ecosystem for the benefit of our economies and people,” said ADGM’s chief.