Ahmed Bin Sulayem Welcomes Chinese Ambassador to Strengthen UAE-China Strategic Partnership
On November 29, 2025, Ahmed Bin Sulayem—Executive Chairman and CEO of DMCC Authority—had the honour of welcoming H.E. @amb_yiming, the Chinese Ambassador to the UAE, and his distinguished delegation to DMCC Authority at Uptown Dubai. This highly productive visit reinforced the exceptional strategic partnership between the UAE and China, two nations whose ties continue to thrive and expand.
China stands as the UAE’s largest non-oil trading partner, with non-oil trade between the countries reaching an impressive USD 81 billion in 2023. Reflecting on the shared ambition to further elevate these figures to USD 200 billion in the coming years, the recently held dialogue focused on how DMCC Authority can serve as the financial spine of this growing trade corridor and support the Belt and Road Initiative.
Ahmed Bin Sulayem highlighted during the meeting the UAE’s strong regulatory progress—from enhanced supervision and modernised payment infrastructure to open-finance frameworks and stronger anti-money-laundering measures. These advancements are spearheaded by the Central Bank of the UAE and the government, aiming to shape a resilient and future-ready financial environment.
The DMCC team provided a detailed briefing to the Ambassador on DMCC Authority’s new financial ecosystem, FinX, outlining the significant synergies and opportunities it creates for both the UAE and China.
The delegation was also updated on FinX’s links with VARA, Central Bank of the UAE, Securities and Commodities Authority (SCA), and DIFC Courts. This cooperation is underpinned by dispute-resolution agreements—first signed in 2016 and ratified multiple times—granting DMCC Authority and FinX members access to common law and international best practices.
During the discussions, the core pillars of FinX were outlined:
- Dubai Commodities Clearing Corporation: The UAE’s only clearing house and central counterparty.
- DMCC TradeFlow: A fully digital central registry with over 20 years of proven operation, enabling trade and Shariah-compliant financing.
- DGCX (Dubai Gold & Commodities Exchange): The Middle East’s largest and most diversified derivatives exchange.
- DMCC Vault in Almas Tower: Operated by Brink’s Inc, providing secure, insured custody for precious metals and high-value assets.
The UAE and China further explored opportunities for innovation and technology advancement, as well as diamond industry governance and upcoming preparations for the Kimberley Process Plenary.
In a statement, Ahmed Bin Sulayem said, “This productive visit reinforced the exceptional strategic partnership between our two nations. With China as the UAE’s largest non-oil trading partner, non-oil trade between our countries reached USD 81 billion in 2023. With a shared ambition to reach USD 200 billion in the coming years, our dialogue focused on how DMCC Authority can serve as the financial spine of this growing trade corridor and the Belt and Road Initiative.”
Special thanks were extended to members of the delegation, including Mr. Song Jian, Mr. Pan Wangfan, Ms. Liu Yi, Mr. Gu Hang, and Mr. Frank Zhang, President of Hikvision MEA, for their insightful engagement.
Team V.4-INST-UAE
