Qatar, Hong Kong seek to bolster investment ties

Doha, Qatar: Qatar and Hong Kong are seeking to enhance investment opportunities. Hong Kong enjoys an ideal location in Asia that enables businesses t...

Doha, Qatar: Qatar and Hong Kong are seeking to enhance investment opportunities. Hong Kong enjoys an ideal location in Asia that enables businesses to tap into the multitude of opportunities.

Speaking to The Peninsula in an exclusive interview, King Leung, Global Head of Financial Services and Fintech, InvestHK highlighted the collaboration between Qatar and Hong Kong and how they can benefit from each other.

Leung said, “Our working relationship started from some initial discussions with the sovereign wealth fund - the Qatar Investment Authority (QIA). The QIA professionals understand the landscape in terms of the attractive investment opportunities in Hong Kong, as well as in mainland China.”

Hong Kong being the international finance center serving the region and China as well, “we see that over past 18 months, there is enormous interest and movements of mainland firms using Hong Kong as the international headquarters to expand internationally. I think the Middle East region is very attractive destination and we are bringing delegation to Qatar to strengthen that relationship, so that when these firms come to invest here we would love to see more collaboration and investment not only by the sovereign fund but also other investors in the private sector as well,” he added

On behalf of the Hong Kong SAR Government, the Financial Services Development Council (FSDC) signed a MoU with the Qatar Financial Centre (QFC) yesterday with the goal of deepening the collaboration across multiple financial services areas between Qatar and Hong Kong.