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Saudi Arabia’s first exchange traded funds investing in Hong Kong’s equities market will be listed on the local stock exchange before the end of the year, as authorities try to strengthen financial ties between the two markets.
In a speech at the Bund Summit in Shanghai, Paul Chan, Hong Kong’s financial secretary, confirmed that the government is expecting “some reciprocal moves” to take place this year, which will include the listing of a pair of Hong Kong-focused ETFs on the Saudi Exchange.
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