Rashed Al Baloushi, ADX’s Deputy Chief Executive and Director of Operations, represented the exchange in the event through participating in the discussion panels and workshops aiming at bolstering the financial ties between the two sides to support the emirate’s economic diversification strategic objective.
Al Baloushi emphasized that the economic freedom and robust growth in Abu Dhabi represent the strongest argument for ADX when it comes to luring foreign investments, whereas the tax-free business environment and the ease of capital repatriation, backed by the healthy financial standing and strong government spending in Abu Dhabi, provide for untold business and investment opportunities.
The deputy chief executive admitted that the Chinese investments at ADX lack the vibrancy that characterize the economic ties between Abu Dhabi and the Asian economic super-power, whereas China ranks second among UAE’s largest exporters providing for remarkable potentials for foreign investments inflows to the emirate.
He also explained that most of the listed securities at ADX are currently undervalued with market prices approaching the book-values despite the excellent performance and results reported by the majority of the companies, offering excellent investment opportunities.
Al Baloushi revealed that ADX is always open to formalize the cooperation framework with China through agreements and Memorandums of Understanding (MoUs), and has already signed an MoU with the Shanghai Stock Exchange during a visit of senior officials from China’s largest stock market headed by the Chairman, Geng Liang, in February last year, aiming at strengthening the ties between the two exchanges through coordination and cooperation in the fields of information exchange and products development.
