The Central Bank of the UAE (CBUAE) has recently joined Hong Kong's Central Moneymarkets Unit, which will provide them with direct entrance to the mainland Chinese debt markets. This move comes as part of the growing bilateral cooperation on digital assets between the two economies. The membership of CBUAE in this unit signifies an important step towards expanding its market reach. This new development opens up opportunities for increased collaboration in the financial sector and strengthens ties between the UAE and Hong Kong. The move aims to enhance access to the Chinese debt markets for investors, further promoting economic growth and investment. This partnership reflects the ongoing efforts to foster international financial connectivity.