Invest Hong Kong (InvestHK) has reinforced its role as a global business facilitator with a week-long delegation to the Gulf Cooperation Council (GCC) region in May, marking continued efforts to deepen Hong Kong’s investment links with the Middle East.
The mission, which included stops in Oman and the UAE, brought together leaders from fintech and financial services firms with operations in Hong Kong.
The visit aligned with earlier high-level engagements by Hong Kong Chief Executive John Lee, during which multiple memoranda of understanding were signed.
Fitch Ratings maintains a “neutral” outlook for most APAC non-bank financial institutions, but Hong Kong is leveraging proactive investment promotion to counter broader global uncertainty.
Delegates engaged in strategic meetings with sovereign funds, tech incubators, and regulators, yielding tangible business outcomes and new partnerships.
Key deals included an MOU between Hong Kong-based Evident Group and Zand Bank of the UAE, focusing on digital infrastructure for alternative investments, and LianLian Global’s payment partnership with Lulu Money, aimed at strengthening cross-border trade with China.
Several firms, including Lingfeng Capital and OneDegree, secured regulatory milestones and new business footholds in the GCC.
Lingfeng is setting up a regional fund in Abu Dhabi, while OneDegree has received approval to offer digital asset insurance in the UAE.
InvestHK officials said the outreach reflects Hong Kong’s strategic positioning as a bridge between East, West, and the Global South.
The initiative is expected to support national economic goals and drive deeper regional cooperation.
Business News Asia
