Saudi Central Bank, Hong Kong Monetary Authority Sign MoU to Strengthen Collaboration

The Saudi Central Bank (SAMA), headed by Governor Ayman M. Al-Sayari, and the Hong Kong Monetary Authority (HKMA), headed by Governor Eddie Yue, held a bilateral meeting in Hong Kong on December 5 to build on their longstanding cooperation and further deepen ties between the two central banks.

 In light of the signed MoU between both institutions, the meeting featured in-depth discussions and exchange of views and expertise in several areas, including macroeconomic developments and the outlook for monetary policy, the global landscape for investment and financial markets, and financial infrastructure development with a focus on supervisory technology adoption and the deployment of advanced analytical tools.

 In addition, the two central banks explored potential areas of cooperation in financial stability, data analyses, financial innovation, and the development of payment systems.

 The meeting took place as part of a high-level visit to Hong Kong led by Governor Al-Sayari, during which he participated in the global Financial Stability Board (FSB) plenary meeting and emerging market and developing economies (EMDEs) forum. During the visit, Governor Al-Sayari participated in a high-level seminar alongside other central-bank governors and senior officials from international financial institutions.

 This engagement reflects SAMA's commitment to fostering international collaboration and knowledge sharing.