Dubai International Financial Centre gets latest opportunities through Dubai-China FinTech Agreement

The premier global financial centre of Middle East, Africa and South Asia (MEASA) region and home-based to the major, most developed FinTech ecosystem in the region, Dubai International Financial Centre (DIFC), has already signed MOU (Memorandum of Understanding) with Jiaozi Fintech Dreamworks, one of China’s initial Fintech innovation and entrepreneurship platforms.

Jiaozi Fintech Dreamworks was launched of 2016 underneath the guidelines regarding the People’s Bank over China, the country’s mean financial institution as well as the native financial bureau.

Fintech Dreamworks is of tune in conformity with turn out to be domestic in conformity with above 300 FinTech businesses yet 10,000 staff, staying a house about more than 100,000 rectangular metres. Well known agencies have true in Jiaozi Fintech Dreamworks. These include Huize R&D Center, as used to be listed over Nasdaq between February 2020, BBD – a megastar business enterprise within huge records industry as well as Mr. Ray, a renowned blockchain employer between China.

Based in Chengdu, capital of Sichuan Province and one of China’s emerging global financial centres. Chengdu has an important reputation in the world of finance having reportedly been the first place in the world to introduce paper bank notes. They now share a vision with DIFC to drive the future of finance by developing the next generation of tools for optimal utilization in the industry.

The MOU choice allow the DIFC in accordance with similarly assist the UAE within facilitating the ‘Belt then Road’ financial initiative and types a mean quantity of the Centre’s 2024 approach in imitation of fortify relationships along the worldwide economic community and increase access to the South-South corridor.

The MOU signed by using Arif Amiri, CEO concerning DIFC Authority, or Wang Juan, Chairperson over Jiaozi Fintech Dreamworks, pleasure enable FinTech companies based totally in both jurisdictions after advantage beside a beauty regarding collectively superior opportunities, as much properly namely get right of entry to in conformity with respective markets.

Commenting regarding the agreement, Arif Amiri, Chief Executive Officer over DIFC Authority said: “Chengdu continues in conformity with come up as a leading financial institutions between ultimate China then at that place are considerable possibilities because global FinTech corporations in accordance with range between China. In the same pathway as DIFC is the gateway in imitation of the Middle East, African then South Asia, Chengdu can emerge as the equivalent because gaining access to China or broader Asia region. Sharing advantage yet enabling our FinTech companies according to assignment together provides opportunities then builds a collective force for accelerating the FinTech agenda between Dubai as well as China.”

Wang Juan, Chairperson of Jiaozi Fintech Dreamworks commented: “Dubai as well as DIFC into particular, continues according to stand the authority about desire because of Chinaman corporations looking to access the potent on the fast-growing rising markets of the MEASA region. With a Herculean sturdy Chinese ecosystem including the native centre of China’s four greatest banks, we are assured to that amount our agreement choice be gain the Jiaozi Fintech Dreamworks public via assisting to them tap of latter opportunities. Our settlement wishes additionally allow talented men and women out of both cities to participate among cross-border workshops and coaching programmes.”

“DIFC is specially searching far according to collaborating with Jiaozi Fintech Dreamworks of key sectors certain as much Blockchain, Artificial Intelligence, Big Data as well as Cloud Computing.”

DIFC continues in accordance with confer growth between the wide variety of Chinaman corporations working out of the Centre. permanency As nicely as much being the native domestic in accordance with China’s four largest banks; ICBC, China Construction Bank, Bank regarding China, or Agricultural Bank regarding China, DIFC is additionally domestic to various big Chink firms and FinTech firms up to expectation are tapping within MEASA markets then deed along regional institutions of the Belt yet Road initiative.

Jiaozi Fintech DreamWorks vigorously promotes blockchain industry bunch development. To guide this, the Jiaozi Financial Technology Centre has been built, alongside along the Jiaozi Blockchain Research Institute including the University over Electronic Science and Technology. Together, it is gaining knowledge of blockchain concept in conformity with accelerate its application in the industry.

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