Casablanca and Hong Kong Financial Hubs Sign Cooperation Agreement to Boost Industry Development

This agreement will, among other things, facilitate the development and sharing of financial expertise, the development of training programs, and the promotion of markets in the two countries. The prestigious platform that Morocco represents for Asian investors promotes a dynamic partnership within the framework of the "New Silk Road" (Belt and Road) initiative.

"Our goal is to develop a strong and lasting relationship that will provide businesses and economic operators with a solid foundation to further boost investment and trade between Asia, Morocco and African countries," said Saïd Ibrahimi, CEO of CFCA.

"The FSDC is pleased to establish this framework of cooperation with CFCA, its counterpart in Morocco. Morocco is the first African country to join the ’New Silk Road’ initiative in which Hong Kong plays a key role in promoting international and regional cooperation," said Laurence Li SC, Chairman of the FSDC, stating that this collaboration will also contribute to the global development strategy put in place by mainland China, not forgetting that CFCA and FSDC are members of the World Alliance of International Financial Centers (WAIFC).

CFCA is the first African center to join this international group and to participate in several Fintech activities. As for the FSDC, since its accession to the WAIFC in October