Hong Kong Stocks Listed in Saudi
This is a Hong Kong news story, published by Yahoo Finance, that relates primarily to Paul Chan Mo-po news.
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Saudi ExchangeSouth China Morning Post
•Saudi Arabia opens doors to Hong Kong stocks with launch of 2 ETFs at month-end: SFC CEO
89% Informative
Two exchange-traded funds (ETFs) tracking benchmarks in Hong Kong will be listed on Saudi stock exchange at end of this month.
Financial Secretary Paul Chan Mo-po will lead a delegation to the FII conference in Riyadh and to mark the launch of the ETFs.
SFC CEO Julia Leung Fung-yee visited Saudi Arabia in June to meet officials and discuss the potential listing of ETFs on each other's exchanges.
The number of Hong Kong -domiciled funds has risen from 157 in 1989 to 926 currently.
Net asset value of all SFC-authorised funds has jumped 49 times to US$1.76 trillion during the same period.
"Times have changed, but the mission of the SFC has not," Leung said.
VR Score
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96
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