Dubai Financial Market hosts high level financial delegation from China and Germany

The delegation was received by Hassan Al Serkal, Senior Vice President, Market Operations, Dubai Financial Market , along with Jamal Al Khadhar, Senior Vice President, Product Development, and Fahima Al Bastaki, Senior Vice President, Market Development.

Dubai Financial Market's senior management representatives welcomed the highly esteemed delegation, headed by his Excellency Li Fuming, Minister, State-Owned Assets Supervision and Administration Commission of Tianjin and consisted of 12 senior delegates including: Wang Kai, Vice Section Chief, State-Owned Assets Supervision and Administration Commission of Tianjin; Thorsten Giehler, Director, GTZ China and several high level officials from China and Germany. The delegates represent the State-Owned Assets Supervision and Administration Commission, Property Rights Exchange, Finance Bureau, Commission of Commerce and Financial Affairs Office of Tianjin.

The visit is organized by the German agency for Technical Cooperation (GTZ) branch in China, part of the German Federal Ministry for Economic Cooperation and Development (BMZ). GTZ has invited experts from Tianjin State-Owned Assets Supervision and Administration Commission, and a number of key governmental institutions from China to a financial markets study tour in Dubai.

Hassan Al Serkal, Senior Vice President, Market Operations, Dubai Financial Market, said, "We are delighted to welcome this highly esteemed financial delegation from China and Germany. The visit was a great opportunity to update them on the sound economic fundamentals in Dubai and the role of the emirate as a gateway to the Middle East markets. We had a fruitful discussion that covered the leading role of DFM in developing the financial markets in this part of the world through various initiatives such as going public and listing of its own shares for the first time in the region and adopting the Islamic Shariah rules, a pioneering step internationally, in addition to DFM's migration to one of the most sophisticated trading platform in the world recently. The delegation members were impressed with the level of development in Dubai, not only for the infrastructure but also the regulatory environment that transformed the emirate to a main destination for foreign investments in the region."