Wednesday, May 22, 2024
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As Their Economic Relations Deepen, Saudi Arabia and Hong Kong Increase their ETF Cooperation

This follows the introduction in November 2023 of an ETF in Hong Kong that tracks the performance of the Saudi Arabia Index.

“The China Securities Regulatory Commission announced a set of measures to expand mutual access further a few weeks ago, which will facilitate Saudi companies’ access to Chinese capital even more,” the speaker continued.

Wong revealed in his speech that Cathay Pacific Airways will start operating flights by the end of 2024 from Hong Kong to Riyadh, cutting the duration of the flight to six hours. Since the introduction of Vision 2030, the Saudi Arabian stock exchange has experienced substantial changes, according to the CEO of Tadawul Group.

He underlined once more how the Kingdom aspires to have an open market that is completely integrated with the global economy. The CEO of Saudi Tadawul Group, Khalid Al-Hussan, stressed during the event’s opening ceremony that the Capital Market Forum’s hosting in Hong Kong strengthens ties between the two countries.

Al-Hussan explained that more than a thousand investors, listed companies, and financial pioneers have attended the two-day forum since it began on May 9. Their goal is to investigate the important issues and possibilities influencing the state of the market today.

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