H.E. Mr. Ayman Al-Sayari, Governor of the Saudi Central Bank (SAMA) met with H.E. Mr. Eddie Yue, Governor of the Hong Kong Monetary Authority on Thursday, December 5, 2024. The meeting aimed to further strengthen the longstanding cooperation between the two central banks.

Building on the Memorandum of Understanding signed between both institutions, the meeting featured in-depth discussions and exchange of views and expertise in areas of mutual interest, including macroeconomic developments and the outlook for monetary policy, the global landscape for investment and financial markets, and financial infrastructure development with a focus on supervisory technology adoption and the deployment of advanced analytical tools.

In addition, the two entities explored potential areas of cooperation in financial stability, data analysis, financial innovation, and the development of payment systems. This engagement reflects SAMA's commitment to fostering international cooperation and exchange of expertise with leading financial institutions.

The meeting took place on the sidelines of the Global Financial Stability Board's (FSB) Plenary Meeting and EMDEs Forum in Hong Kong which was attended by central banks' governors and senior officials from international financial institutions.