The second Hong Kong-Saudi Capital Market Forum (CMF Hong Kong), co-hosted by Hong Kong Exchanges and Clearing (HKEX) and Saudi Tadawul Group, kicked off on Thursday, underscoring rapidly growing financial ties between the two hubs. The event saw high-profile participation from Hong Kong Financial Secretary Paul Chan, SFC CEO Julia Leung, HKEX CEO Bonnie Chan, and Tadawul CEO Mohammed Al-Rumaih, signaling strong mutual interest in cross-border investment flows.
A key milestone was achieved with the listing of Hong Kong’s first Islamic Treasury ETF during the forum, marking a strategic push to diversify Shariah-compliant investment products. In her speech, Bonnie Chan highlighted Hong Kong’s resurgent IPO and securities market, noting rising interest from Gulf investors amid the city’s role as a gateway to mainland China. The forum also explored dual listings, fintech collaboration, and ESG financing, areas where both markets see alignment.
The deepening partnership reflects Saudi Arabia’s Vision 2030 outreach to Asian capital markets and Hong Kong’s bid to attract Middle Eastern liquidity. With Tadawul-listed firms eyeing Hong Kong IPOs and HKEX promoting Saudi equities to Asian investors, the synergy could reshape capital flows between Asia and the Gulf.
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