HSBC Hong Kong signs MoUs to support Chinese companies expanding into Mideast markets

Doha, Qatar: The Hongkong and Shanghai Banking Corporation Limited, through its Hong Kong Office ( HSBC Hong Kong ) has announced the signing of Memor...

Doha, Qatar: The Hongkong and Shanghai Banking Corporation Limited, through its Hong Kong Office (“HSBC Hong Kong”) has announced the signing of Memorandums of Understanding (“MoUs”) with leading Chinese companies - PCI Technology Group Co., Ltd (“PCI”)and Meetsocial Co., Ltd (“Meetsocial Group”).

These agreements aim to support both companies in expanding their presence into promising Middle Eastern markets.

The MOUs were signed by Justin CHAN, Advisor to Asia and the Middle East Co-Chief Executives of HSBC, along with senior executives from the two companies, including Jiao CHEN, Chief Executive Officer of PCI Technology Group Co, Ltd, and Chengang SHEN, Chief Executive Officer of Meetsocial Co., Ltd during a high-level delegation visit to Qatar and Kuwait.

The visit led by H E John Lee, Chief Executive of the Hong Kong Special Administrative Region, brought together over 50 businesses from Hong Kong and mainland, including HSBC Hong Kong, PCI and Meetsocial Group.

HSBC Hong Kong will leverage its extensive financial and market expertise, as well as global networkto support the Chinese companies in navigating Middle Eastern markets. The collaboration seeks to tap into emerging opportunities in the Gulf region, driven