Kolkata Investment：The first Saudi ETF in Asia will be listed on the Hong Kong Stock Exchange on November 29th
Xinhua News Agency, Hong Kong, November 26 (Reporter Huang Qian Tian) Chen Maobo, director of the Financial Secretary of the Hong Kong Special Administrative Region Government, published a blog on the 26th that the first Saudi ETF (transaction open fund) in Asia will be listed on the 29th of the Hong Kong Stock Exchange.Investors will be able to directly trading the Saudi stock market index stocks in the Hong Kong market through the Hong Kong market. The relevant portfolio includes oil companies Saudi Arabia.The size of this ETF asset is the largest among similar products in the world.Kolkata Investment
Chen Maobo said that in the past two months, the Hong Kong Stock Exchange has included the Saudi Exchange and the Indonesian Stock Exchange on the list of recognition stock exchanges, allowing companies listed on these exchanges to be listed for the second time in Hong Kong.The Saudi Exchange brings together large Middle East energy, industrial and medical industries; the Indonesian Stock Exchange belongs to a fundraising place for high -quality innovative enterprises in Southeast Asia.Encouraging companies in two emerging markets to use Hong Kong for financing will also provide them with greater causes for their settlement and expanding business.
In addition, the investment promotion work of the SAR government is steadily advancing.Chen Maobo said that in addition to key enterprises, the SAR Government Investment Promotion Department assisted more than 330 mainland or overseas companies in the first 10 months of this year to open and expand its business in Hong Kong, an increase of 30%year -on -year. These companies are expectedEssenceHyderabad Stocks
Chen Maobo said that in recent years, the SAR government has continued to invest and promote innovation technology and new industrialization, strengthen the transformation of research results and industrialization of innovation. In addition, the entire SAR government has actively displayed Hong Kong’s new advantages and attracts investment in full speed. The positive effects have been realized.
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