Doha Bank has opened its representative office in Hong Kong, aiming to leverage on the city’s global financial centre status to further expand its business in the Asia Pacific region.

Doha Bank is one of the largest commercial banks in the State of Qatar, and the latest of a number of Gulf Cooperation Council (GCC) banking groups setting up in Hong Kong to tap the city’s growing role as Mainland China’s global financial centre.

Dr R Seetharaman, CEO of Doha Bank, said: "Hong Kong is one of the major financial centres in Asia Pacific, and the gateway to China. Doha Bank Hong Kong Representative Office will act as a liaison to facilitate trade and investment flows between the GCC region and Hong Kong. It will help facilitate GCC companies which are looking to establish their business or looking to invest in Hong Kong, as well as companies which are operating in Hong Kong and looking to expand into the growing GCC market."

The Associate Director-General of Investment Promotion, Mr Charles Ng, said that the arrival of Doha Bank shows that Hong Kong is a strong magnet for international financial companies and banks alike.

Charles Ng said, "Hong Kong is an international financial centre and in addition to that we are playing an increasing role as Mainland China’s global financial centre. This makes Hong Kong a reliable platform for banking and financial multinationals from which to expand into the Mainland and other important Asian markets."