Hamdan Bin Mohammed Smart University signs agreement on innovation with Chinese organisations

The 3rd China-UAE conference on Islamic Banking and Finance (CUCIBF III) in Shanghai, China, has seen an agreement signed between Hamdan Bin Mohammed Smart University (HBMSU) and the ZhongGuanCun the Belt and Road Industrial Promotion Association (ZBRA); the China Islamic Finance Club (CIFC); and Xunlei.

The partnership aims to promote cooperation between China and the UAE in innovation and entrepreneurship research, education, training, artificial intelligence (AI) and Blockchain technology, sustainable development and exploring new horizons to promote innovation in environmentally-friendly technology in the future.

Source: Hamdan Bin Mohammed Smart University. CUCIBF III was a collaboration between the UAE Ministry of Economy, Dubai Center for Islamic Banking and Finance of Hamdan Bin Mohammed Smart University (HBMSU), Dubai Islamic Economy Development Center, China Islamic Finance Club, and the ZhiShang Inter-culture Communication, with the participation of Thomson Reuters as a knowledge partner. The Xunlei agreement was one of two signed at the event.

The agreement was signed by Chin Lee, CEO of Xunlei, China; Zhang Xiaodong, President of Zhongguancun the Belt and Road Industrial Promotion Association, China; Huang Lei, CEO of China Islamic Finance Club; and Professor Nabil Baydoun, Vice Chancellor for Academic Affairs, HBMSU.

All parties highlighted the need to promote international innovation for young people and entrepreneurs under the joint agreement. The partnership establishes solid foundations for promoting dialogue, communication and cooperation between countries to support innovation, leadership spirit and excellence and building the capacities of young people in the world, in line with the requirements of the 21st century.

Xunlei is known for its peer-to-peer downloading software, and began offering Blockchain products in 2017.