Hong Kong Monetary Authority signed a memorandum of understanding with TheCityUK. The cooperation between the two parties focuses on areas such as financial transformation.

On June 11, the Hong Kong Financial Development Bureau (HKFDBA) signed a memorandum of understanding with TheCityUK to strengthen cooperation in the financial sector between the UK and Hong Kong, deepening their strategic partnership. This collaboration will focus on several key areas, including financial transformation, virtual assets, and capacity building, with the aim of ensuring the competitive edge of both markets in the evolving global financial landscape. At the same time, a cooperative framework will be established to support financial dialogues between the UK and Hong Kong, promote knowledge exchange on regulatory practices, innovative financial products, and emerging financial service opportunities. Dr. K.C. Kwok, Executive Director of the HKFDBA, said, "This collaboration fully demonstrates the close ties between two leading global financial centers. We will leverage our respective expertise, innovation capabilities, and global networks to promote sustainable growth and shape the future of international finance. We look forward to exploring emerging markets and business opportunities to lay a solid foundation for long-term economic prosperity." Mr. John Godfrey, Director of Public Affairs, Policy, and Research at TheCityUK, added, "This memorandum of understanding reflects our commitment to further strengthening cooperation in the financial services sector. As two of the world's largest international financial centers, we will seek innovative solutions through knowledge sharing and close collaboration to address current challenges and opportunities, achieving mutual benefits."