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Saudi companies, including those backed by the Public Investment Fund (PIF) and listed on the Saudi Exchange (Tadawul), may explore listings in Hong Kong, according to Carlson Tong Ka-shing, Chairman of Hong Kong Exchanges and Clearing (HKEX). He mentioned this possibility during discussions with the South China Morning Post, highlighting that both Tadawul and the PIF are interested in this initiative. Ka-shing stated, “It is a win-win situation for Saudi companies to list in Hong Kong as they can raise funds to diversify their economy,” while also allowing Hong Kong and international investors access to the Gulf economy. He was part of a 110-member delegation from Hong Kong, led by Financial Secretary Paul Chan Mo-po, at the 8th Future Investment Initiative (FII) summit in Riyadh. At the summit, two exchange-traded funds worth a total of $1.8 billion were listed on Tadawul, enabling Middle Eastern investors to trade Hong Kong stocks for the first time. #SaudiArabia #HongKong #PIF #Tadawul #HKEX #Investment #FII2024 #EconomicDiversification

Saudi companies, including those backed by the Public Investment Fund (PIF) and listed on the Saudi Exchange, may explore listings in Hong Kong, according to Carlson Tong of Hong Kong Exchanges and Clearing Limited (HKEX). He mentioned "It is a win-win situation for Saudi companies to list in Hong Kong as they can raise funds to diversify their economy, while also allowing Hong Kong and international investors access to the Gulf economy" at the 8th Future Investment Initiative (FII) summit in Riyadh. At the summit, two exchange traded funds worth a total of $1.8 billion were listed on Tadawul, enabling Middle Eastern investors to trade Hong Kong stocks for the first time. #FutureInvestmentInitiative #SaudiHongKongPartnership #FII2024 #PIF #Tadawul #SaudiVision2030 #GlobalEconomy #HongKongExchange #InternationalInvestments #MiddleEastEconomy #CapitalMarkets #GlobalFinance #GlobalBusiness

Exciting news for cross-border investment! China's approval of its first ETFs tracking Saudi stocks marks a significant milestone in deepening financial ties between the two nations. This move not only opens up new opportunities for Chinese investors to access Saudi equities but also strengthens the capital markets cooperation between the two countries. Looking forward to seeing the impact of this development on the global investment landscape. #China #SaudiArabia #ETFs #Investment #FinancialMarkets #CrossBorderInvestment

✨ Exciting News for Global Investors! 🌐 🔗 The World of Finance has hit a milestone with the Global Capital Markets Forum kicking off in Hong Kong!  Committees from the Saudi Tadawul Group and Hong Kong Exchanges and Clearing Limited (HKEX) have opened the doors to over 650 esteemed leaders, investors, and influential figures, setting the stage for a monumental announcement. 🤝 Hong Kong and Saudi Arabia are bridging gaps and strengthening ties with a brand-new exchange-traded fund (ETF) that echoes the Hong Kong stock market indices, crafted in collaboration with Saudi partners. This ETF is not just a financial instrument; it's a beacon of increased investment and partnership between these dynamic markets. 📈 Following the success of the Hong Kong ETF tracing Saudi Arabia's FTSE Index, this new venture is yet another pillar supporting the burgeoning financial relationship between the regions. Furthering the collaboration, we have Cathay Pacific resuming direct flights and the buzz around a new Hong Kong economic office in Riyadh. Get ready for fresh investment horizons that promise to reshape the financial landscape in KSA. Discover more:  https://lnkd.in/d69cAng7 #HongKong #SaudiArabia #ETF #StockMarket #Investment #Finance   #SaudiNews #Vision2030 #investsaudi #businesslink #HKEX

New ETF to Bridge Hong Kong and Saudi Arabian Markets Hong Kong announces plans to launch an exchange-traded fund (ETF) to closely track its stock indices with collaboration from Saudi Arabian entities. This initiative, unveiled during the inaugural 'Capital Markets Forum' in Hong Kong, aims to foster cross-border investment flows. The ETF's introduction builds on Hong Kong's recent launch of an ETF focusing on Saudi Arabia's FTSE Index, indicating a strengthening of financial ties. Additional efforts to bolster this relationship include the resumption of direct flights by Cathay Pacific and prospects of a Hong Kong economic office in Riyadh. Discover more about the burgeoning financial partnership between Hong Kong and Saudi Arabia on Saudi Business News. Link in bio! #HongKong #SaudiArabia #ETF #StockMarket #Investment #Finance #BilateralRelations #CathayPacific #Travel #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia

China’s First #ETFs Investing in the #Saudi Market Set to Launch On June 19, the recently approved Saudi ETFs in China released their prospectuses and a series of related announcements, quickly finalizing key details such as issuance dates and fundraising scales. According to the announcements, the first two Saudi ETFs will go on sale on June 24 (next Monday) with the subscription period ending on July 2. Due to the limited QDII (Qualified Domestic Institutional Investor) quotas, each fund has a fundraising cap of 1 billion yuan, with a minimum online subscription requirement of 1,000 units or multiples thereof. Over the past year, some QDII funds have gradually attracted market attention due to their strong performance, with several closing temporarily to large subscriptions because of quota limitations. The Saudi ETFs will employ a cross-listing approach, achieving close tracking of the FTSE Saudi Arabia Index by investing in the underlying ETFs. The approval and issuance of the Saudi ETFs further diversify the range of available foreign investment options, providing mainland investors with an indexed investment tool for the Saudi market. For more information about China market, please continue to follow us. For our Singapore and Beijing event, please contact Huang（Mike） zhichao and Hangjie L.. #ETF #SA #China #QDII

Hong Kong and Saudi Arabia Strengthen Economic Bonds with ETF Initiative In a strategic move to deepen economic relations, #HongKong announces the launch of an ETF in collaboration with #SaudiArabia, set to mirror Hong Kong's stock indices. To explore the potential of this unique partnership and its impact on the global financial landscape, visit Saudi Business News. Link in bio. #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #ETF #EconomicTies #GlobalFinance #Investment #CapitalMarkets #StockIndices

Beginning the week with some fantastic updates: Saudi Arabia and China are deepening their ties in financial markets. Under the guidance of PIF Governor Yasir Al-Rumayyan, this partnership offers Asian investors unique access to the Saudi equity market, driving sustainable growth and transformation. The partnership goes beyond traditional investment. It’s about creating opportunities. The investment ventures in Shenzhen and Shanghai are particularly impressive, with initial commitments exceeding 1.2 billion Chinese yuan. These efforts aim to diversify investments and bring more capital into Saudi Arabia, boosting the market's global reputation. This collaboration is an example on how international dialogue and cooperation can drive economic prosperity. #Finance #Collaboration #Innovation #SaudiArabia #China #GlobalMarkets #SaudiVision2030 #EconomicGrowth #InvestmentOpportunities #FinancialTransformation #SustainableDevelopment

Saudi Arabia has become the top issuer of international bonds among emerging markets, surpassing China for the first time in 12 years with $33.2 billion in bond sales. This surge is driven by global investor support for Saudi Arabia’s Vision 2030 plan, aiming to diversify its economy away from oil dependence. In contrast, China’s bond issuance has slowed due to increased demand for local-currency bonds. Despite its smaller economy, Saudi Arabia's strong bond performance reflects confidence in its economic reforms and strategic vision. The Kingdom aims to raise around $37 billion this year to support its ambitious projects.

The #Saudi Public Investment Fund's (#PIF) recent $50 billion deals with prominent #Chinese financial institutions signify a significant step in strengthening economic ties between the two countries. This strategic move aims to facilitate smoother bilateral financial flows through various channels, including #debts, #stocks, and #capital #flows. The magnitude of these agreements is underscored by the fact that this amount surpasses the total foreign direct investment (#FDI) inflows to #China in 2023 by 1.5 times, highlighting the potential impact on both economies. ▪️The PIF's decision to forge these partnerships aligns with its broader strategy of cultivating global institutional collaborations. By engaging with #major #Chinese #banks and financial entities, the PIF seeks to expand its reach and diversify its investment portfolio. Furthermore, these agreements complement existing cooperation efforts between #SaudiArabia and China, as evidenced by #Riyadh #Airlines' earlier agreement with #China #Eastern #Airlines to enhance future communication and digital transformation, paving the way for greater integration into the Chinese market. ▪️These modern agreements encompass a range of influential Chinese institutions, including the #Bank of China, China Construction Bank, Agricultural Bank of China, #China #Export and #Credit #Insurance Company, Export-Import Bank of China, and Industrial and Commercial Bank of China. The involvement of such diverse financial players underscores the comprehensive nature of this collaboration, potentially fostering deeper economic interconnectedness between Saudi Arabia and China in the years to come.