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Hong Kong’s Financial Services Development Council (FSDC) has signed an agreement with a quasi-government body in Casablanca, the largest city in Morocco, to collaborate on financial services.
The memorandum of understanding “provides a framework in which to share best practices and knowledge” and it will “facilitate further development of expertise, within financial education, training programmes, and many other sectors”, the FSDC and the Casablanca Finance City Authority (CFCA) say in a joint statement on March 10.
The CFCA seeks to promote Casablanca as a regional financial hub in Africa.
“Hong Kong ranks amongst the top financial centres worldwide. Our aim is to develop a strong and lasting relationship that will provide businesses and economic operators a solid basis for strengthening investment and trade between Asia, Morocco, and African countries,” CFCA Chief Executive Officer Said Ibrahimi says in the statement.