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More cross-border financial products may be approved
Daily News
|May 30, 2025
HONG Kong and Saudi Arabia are considering allowing more cross-border financial products, authorities said, as the two markets seek to deepen financial ties amid trade uncertainties.
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An exchange-traded fund tracking bonds issued by the Saudi government started trading in Hong Kong on Thursday, the first fixed-income fund listed in the territory to offer such exposure.
Apart from the fund, more products - such as a sharia-compliant Sukuk bond and a real estate investment trust - are “in the pipeline” for approval to trade between Hong Kong and Riyadh, said Julia Leung, CEO of Hong Kong's Securities and Futures Commission.
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