The Hong Kong Monetary Authority (HKMA) promotes financial cooperation between Hong Kong and the United Arab Emirates (UAE). On 31 May, Dubai time, the Hong Kong Monetary Authority held a luncheon with major financial institutions and enterprises in Dubai, United Arab Emirates, to promote Hong Kong's advantages as a major international financial center and strengthen financial cooperation with the United Arab Emirates. The luncheon was attended by about 80 senior representatives from more than 50 local financial institutions and enterprises.