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UAE bank Mashreq injects $125m into Hong Kong business as China ties deepen

Mashreq's $125m Hong Kong injection signals deepening UAE-China financial ties.

What happened: Dubai-based Mashreq Bank injected $125 million into its Hong Kong arm, its CEO said in an interview, as the lender beefs up its presence to capture more China-related business. Key numbers: $125 million capital injection. Why it matters: The CEO said Chinese companies are coming to build, not just sell, and the move reflects a wider push by Middle Eastern banks as investment flows between the two regions intensify.
Dubai-based Mashreq Bank injected $125 million into its Hong Kong arm, its CEO said in an interview, as the lender beefs up its presence to capture more China-related business.
The CEO said Chinese companies are coming to build, not just sell, and the move reflects a wider push by Middle Eastern banks as investment flows between the two regions intensify.
Sources