Financial market regulators from Abu Dhabi and China plan to strengthen cross-border activities and improve regulatory collaboration.

An agreement signed this week will see both jurisdictions exchange regulatory information and closely monitor securities and derivatives markets.

Liu Shiyu, chairman of the China Securities Regulatory Commission and Richard Teng, chief executive of Abu Dhabi’s Financial Services Regulatory Authority, agreed the terms.

“We are very pleased to cooperate with CSRC and believe the concerted efforts from both Authorities will serve the long — term interests of our respective stakeholders and markets,” said Teng.

“The growing economies of both China and the UAE have, and will continue to offer investment opportunities for investors worldwide.

“As an international financial centre based in the heart of the Middle East, ADGM is committed to provide a well-regulated and strategic platform for companies and investors to access the UAE’s growth and advance their business aspirations in this region.”