The forum reaffirmed the good relations that exist between the two countries, and underlined the importance of further developing business and investment ties between the UAE and the broader Chinese market.

During the event, Nasser AlShaali, the Chief Executive Officer of the Dubai International Financial Centre (DIFC) Authority, addressed the audience of high level Chinese Government officials and business people, and gave his thoughts on the financial industry in the UAE and his projections for the future growth and development of the UAE's economy.

Mr AlShaali was in Shanghai as part of a delegation of influential UAE dignitaries and business people led by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the Vice-President and Prime Minister of the United Arab Emirates and Ruler of Dubai.

The delegation was visiting the city to strengthen links and enhance the trade relationship between the two countries, and included many leading decision makers from the UAE, including Her Excellency Sheikha Lubna Al Qasimi, UAE Minister of Foreign Trade, and Mr Salah Al Shamsi, Head of UAE Business Federation.

Commenting on the event, AlShaali stated that:

"As an emerging economy, the UAE places great significance in promoting and developing our strong relationships with other countries across the world."

"In recent times, emerging markets such as the UAE and China have been driving global growth and I believe that sustained robust development in these markets will provide the much needed support to help withstand the slowdown in the US and European economies. I am delighted to be part of this significant event to increase mutual understanding and develop business relationships between the UAE and China."

The event aimed to promote cross border transactions and encourage Chinese companies to do business in the UAE In addition, it was designed to highlight the opportunities available to UAE companies wishing to operate in China.