Uzbekistan and Hong Kong Sign Memorandum to Expand Cooperation in Gold Markets
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Uzbekistan and Hong Kong Sign Memorandum to Expand Cooperation in Gold Markets

The Central Bank of Uzbekistan and the Financial Services and Treasury Bureau of Hong Kong (FSTB) signed a memorandum of understanding in Hong Kong on September 9, 2026. The document aims to develop interaction in the markets for gold and other precious metals, according to the Central Bank of Uzbekistan.

The signing of the memorandum took place concurrently with the 'One Belt, One Road' Summit 2026. The parties representing Uzbekistan were represented by Deputy Chairman of the Central Bank Abror Mirzo Olimov, and from Hong Kong by Secretary for Financial Services and Treasury Christopher Hui.

Content of the Agreement

This memorandum provides for institutional cooperation, exchange of experience and knowledge, as well as the study of opportunities offered by modern financial infrastructure for precious metals markets.

The participants agreed to exchange experience in the field of developing gold and other precious metal markets, as well as related financial infrastructure. Furthermore, the document provides for the study of clearing and settlement mechanisms, as well as the expansion of practical cooperation between the parties.

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A meeting was held in Tashkent on September 9th to discuss prospects for interaction between Uzbek and Chinese companies in the field of building materials production. The event took place with the participation of the Association of Uzsanoatqurilishmateriallari and representatives of leading Chinese firms.

Discussion of Industry Potential

The Chairman of the Association, Ilyos Rakhimov, presented participants with information on the production potential of this industry. The main focus of the meeting was on further increasing cooperation between Uzbek building material producers and Chinese business.

In particular, the parties considered the possibility of implementing promising projects related to the production of window and door systems, door hardware, automated solutions, and facade glazing systems.

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Furthermore, participants discussed issues of localizing production directly in Uzbekistan. Opportunities for joint investment projects and the transfer of modern technologies were also examined.

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Uzbekistan and Hong Kong to Expand Cooperation in Investment and Finance
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Uzbekistan and Hong Kong to Expand Cooperation in Investment and Finance

The Ministry of Investment, Industry and Trade of Uzbekistan announced plans to expand investment interaction and deepen ties between Uzbekistan and Hong Kong in the financial and legal sectors.

As part of this cooperation, Deputy Minister of Investment, Industry and Trade of Uzbekistan Ilzat Kasymov held a meeting with a delegation from Hong Kong led by Paul Lam, Secretary for Justice of the Hong Kong Special Administrative Region.

The main focus of the meeting was on the development of the Tashkent International Financial Centre. Uzbekistan is considering utilizing Hong Kong's experience and expertise in creating international financial infrastructure.

The parties also discussed attracting leading financial, investment, and legal companies from Hong Kong to work on the development of this financial center.

An important part of the negotiations was the preparation of a Bilateral Investment Treaty (BIT), which will aim to facilitate and protect investments, as well as the development of a number of other agreements in the field of investment and finance.

It is expected that the implementation of these agreements will provide additional guarantees for investors, create more favorable conditions for doing business, and increase mutual investments between Uzbekistan and Hong Kong.

The Tashkent International Financial Centre is being established in Uzbekistan under a special legal regime. Its goals include attracting both domestic and foreign investments, developing capital and financial services markets, and integrating the national financial market with global capital markets.

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