Hong Kong, Dubai regulators and exchanges form strategic working group

This is a regulator-and-exchange led initiative rather than a private-sector one, which matters because cross-border market connectivity usually stalls on supervisory friction, not on appetite. The pairing is notable: Hong Kong brings deep capital-market plumbing and a mainland-facing role, Dubai brings Islamic finance expertise and a gateway position across the Middle East, Africa and South Asia. The stated scope is exploratory, so the open question is whether the group produces concrete mutual-access or listing arrangements, or remains a dialogue.