"According to Golden Finance, Hong Kong's Financial Services and the Treasury Bureau Deputy Secretary, Chan Ho-lim, in his opening speech for the Invest in UAE Forum, stated that Hong Kong and Dubai have been strengthening their partnership in the financial sector over the past year. Last year, a Hong Kong-licensed insurance technology company entered into a strategic partnership with the oldest insurance company in the UAE. Their digital asset custody insurance has been approved by the Central Bank of the UAE to be established locally.

In terms of cross-border payments, Chan Ho-lim pointed out that the Hong Kong Monetary Authority and the Central Bank of the UAE, along with three other central banks and the International Settlements Bank Innovation Hub, are collaborating on a project called "Multiple Central Bank Digital Currency (mBridge)" to explore the application of wholesale central bank digital currencies. This project completed its pilot phase in 2022 with the participation of 20 banks from four jurisdictions. This year, the project has reached the minimum viable product (MVP) stage and will further expand participation from both the public and private sectors."