During the China-Arab Cooperation Forum Ministerial Meeting, Zhang Ke, Executive Director of Beijing Frontier Financial Regulatory Technology Research Institute and Chairman and CEO of Baker Capital Group, met with Hamad Al Mazrouei, Chairman of Abu Dhabi Global Market ADGM Academy and CEO of ADGM Registration Authority in Beijing to discuss cooperation opportunities in the fields of industry and education and training between China and the Arab world.
Hamad Al Mazrouei introduced that ADGM is a sovereign financial free zone located in Abu Dhabi, the capital of the United Arab Emirates. It was established in 2015 and has three independent institutions under it - the Registration Authority, the Financial Services Regulatory Authority and the ADGM Court.
Zhang Ke introduced the foundation and capabilities of Beijing Frontier Financial Regulatory Technology Research Institute and Global Fintech Center Network in the field of overseas funds and Chinese enterprises landing in local industrial parks in the UAE, industrial research and talent training.
Both parties agreed that in the future, a package of industry-university-research cooperation will be carried out in training and certification, especially in AI, financial technology, innovation and entrepreneurship, mutual visits of China-Arab High-end Financial Forum, the "Global Fintech Center City" report and Chinese enterprises going overseas.
Since 2024, the Frontier Research Institute delegation has visited the UAE twice to conduct exchanges and cooperation with local government departments, stock exchanges, and financial institutions in Abu Dhabi and Dubai. During the China-Arab Cooperation Forum, the Frontier Research Institute also held a series of consultations with visiting representatives from the UAE.
In his keynote speech at the opening ceremony of the 10th Ministerial Conference of the China-Arab Cooperation Forum, President Xi Jinping said that China and the UAE have built a "five-cooperation pattern" to accelerate the construction of a China-Arab community with a shared future. Chinese companies should pay attention to the fields of life and health, artificial intelligence, green and low-carbon, modern agriculture, and space information. As well as new energy technology research and development and equipment production, renewable energy projects, etc. In addition, there are also development opportunities in think tank research and investment finance.
In the next step, the Frontier Research Institute will leverage the advantages of the global financial technology center network in financial technology and other fields, take the UAE as the main overseas business base, promote business expansion, and work with the Abu Dhabi Stock Exchange (ADX), Dubai Stock Exchange, Nasdaq-Dubai Exchange, UAE's leading brokerage BHM CAPITAL, and internationally renowned accounting firms, law firms, research institutions, etc. to create a high-quality one-stop service platform for Chinese companies to go overseas for business and capital, and provide high-quality services in international talent training, overseas business expansion, broadening financing channels, and enriching capital operation methods.
ADGM
ADGM is the International Financial Centre (IFC) of the Emirate of Abu Dhabi and a financial free zone. It is the only jurisdiction that directly applies English common law and the only gateway for global financial institutions to enter Abu Dhabi.
As of the first quarter of 2024, ADGM's assets under management (AUM) increased by 211% year-on-year, reaching a record level. By the end of March 2024, the number of fund and asset management companies operating in ADGM reached 107, managing 137 funds; the total number of operating entities increased by 30% year-on-year to 1,950; and the number of employees exceeded 25,000.
Hamad Al Mazrouei introduced that ADGM is a sovereign financial free zone located in Abu Dhabi, the capital of the United Arab Emirates. It was established in 2015 and has three independent institutions under it - the Registration Authority, the Financial Services Regulatory Authority and the ADGM Court.
Zhang Ke introduced the foundation and capabilities of Beijing Frontier Financial Regulatory Technology Research Institute and Global Fintech Center Network in the field of overseas funds and Chinese enterprises landing in local industrial parks in the UAE, industrial research and talent training.
Both parties agreed that in the future, a package of industry-university-research cooperation will be carried out in training and certification, especially in AI, financial technology, innovation and entrepreneurship, mutual visits of China-Arab High-end Financial Forum, the "Global Fintech Center City" report and Chinese enterprises going overseas.
Since 2024, the Frontier Research Institute delegation has visited the UAE twice to conduct exchanges and cooperation with local government departments, stock exchanges, and financial institutions in Abu Dhabi and Dubai. During the China-Arab Cooperation Forum, the Frontier Research Institute also held a series of consultations with visiting representatives from the UAE.
In his keynote speech at the opening ceremony of the 10th Ministerial Conference of the China-Arab Cooperation Forum, President Xi Jinping said that China and the UAE have built a "five-cooperation pattern" to accelerate the construction of a China-Arab community with a shared future. Chinese companies should pay attention to the fields of life and health, artificial intelligence, green and low-carbon, modern agriculture, and space information. As well as new energy technology research and development and equipment production, renewable energy projects, etc. In addition, there are also development opportunities in think tank research and investment finance.
In the next step, the Frontier Research Institute will leverage the advantages of the global financial technology center network in financial technology and other fields, take the UAE as the main overseas business base, promote business expansion, and work with the Abu Dhabi Stock Exchange (ADX), Dubai Stock Exchange, Nasdaq-Dubai Exchange, UAE's leading brokerage BHM CAPITAL, and internationally renowned accounting firms, law firms, research institutions, etc. to create a high-quality one-stop service platform for Chinese companies to go overseas for business and capital, and provide high-quality services in international talent training, overseas business expansion, broadening financing channels, and enriching capital operation methods.
ADGM
ADGM is the International Financial Centre (IFC) of the Emirate of Abu Dhabi and a financial free zone. It is the only jurisdiction that directly applies English common law and the only gateway for global financial institutions to enter Abu Dhabi.
As of the first quarter of 2024, ADGM's assets under management (AUM) increased by 211% year-on-year, reaching a record level. By the end of March 2024, the number of fund and asset management companies operating in ADGM reached 107, managing 137 funds; the total number of operating entities increased by 30% year-on-year to 1,950; and the number of employees exceeded 25,000.
