BEIJING, May 14 (Xinhua) – The development of China – U.A.E industrial capacity cooperation financial service platform was officially launched on May 11 as Jiangsu Overseas Cooperation and Investment Corporation (JOCIC) chairman Luo Hua and Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority CEO Richard Teng inked a Memorandum of Understanding (MoU) during the Inaugural Belt-and-Road Abu Dhabi Financial Forum in Beijing.
The MoU signifies that the ADGM Financial Services Regulatory Authority would support the establishment of a comprehensive financial service platform that could better integrate financial resources to serve the development of China–U.A.E Industrial Capacity Cooperation Demonstration Zone and better foster companies within the zone.
The financial service platform could help assist the demonstration zone to follow a sound development pattern that integrates zone service, corporate development and financial support. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
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