• HSBC

Dubai Financial Market welcomes high level delegation of China's major securities companies

  • United Arab Emirates: Monday, August 09 - 2010 at 13:01
  • PRESS RELEASE

Dubai Financial Market (DFM) yesterday received a high level delegation of major securities companies from China, who met DFM's senior management to share knowledge and explore opportunities for collaboration. The visit is part of the continued efforts to develop cooperation between DFM and international financial markets.

The twelve senior delegation members attended a presentation on the market operations, development initiatives and future plans in the presence of Mrs Fahima Al Bastaki, Senior Vice President of Market Development division, and Mr Jamal Ibrahim Al Khadhar, Senior Vice President of Product Development division, along with other DFM officials.

Members of the delegation representing leading securities companies based in China included General Managers, Vice Presidents and analysts from Orient Securities, Donghai Securities, Everbright Securities, Gutai Junan Securities, Hai Tong Securities, SW Securities, Industrial Securities, Zhejiang Securities, BOC international Securities, and Xiangcai Securities.

The discussions touched upon various topics related to the Asian and Middle Eastern financial markets, the DFM and the key role of securities companies. The visit also included a tour of DFM's trading floor.

Mrs Fahima Al Bastaki, Senior Vice President, Market Development Division, DFM, said:
"DFM is delighted to welcome the delegation from China. We are always keen to develop long term partnerships with international financial companies and explore opportunities for greater co-operation to enhance international best practices, share knowledge and expertise as well as financial investment. The visit was a great opportunity to update the Chinese delegation 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, transformation into the first Islamic Shariah compliant exchange in the world, and most recently the acquisition of two thirds of Nasdaq Dubai to create a dynamic capital markets hub in the region," Al Bastaki added.
High level delegation of China's major securities companies.
High level delegation of China's major securities companies.
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Notes and Media Contacts »

About Dubai Financial Market:
Dubai Financial Market (DFM) was established as a public institution with its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of Dhs8bn, DFM became a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80% of DFM Company through Borse Dubai Limited.

For further information, please contact:
Atef Fathy
Vice President - Public Relations
Dubai Financial Market
Tel: +971 (4) 3055334

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