Hong Kong Monetary Authority delegation visited Malaysia to strengthen bilateral financial collaboration

The Hong Kong Monetary Authority (HKMA) delegation, led by Mr Eddie Yue, Chief Executive, concluded a three-day visit to Kuala Lumpur, Malaysia to strengthen financial collaboration between Malaysia and Hong Kong. The delegation held bilateral meetings with the Bank Negara Malaysia (BNM), focusing on strategic areas including digital finance and fintech, green and sustainable finance, payment systems, use of local currencies for cross-border trade and Islamic finance. Representatives from the HKMA and the BNM also joined the Malaysia Business Forum, organized by the Hong Kong Association of Banks, which provided a platform to discuss financial cooperation and topics of mutual interest between the two economies. The delegation also met with key business and financial leaders in Malaysia to discuss new opportunities arising from the strengthening economic and financial ties between Malaysia and Hong Kong. Mr Yue remarked that Hong Kong and Malaysia share a vision of promoting regional economic cooperation, fintech innovation and climate transition, and as major economies in their respective regions, they are well positioned to drive closer partnership and sustainable growth across Asia. This visit is part of the HKMA’s ongoing efforts to expand its global network and maintain Hong Kong’s status as an international financial center. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/05/20240527-3/