2024-05-09 11:10
HKEX (00388.HK) +3.800 (+1.473%) Short selling $39.20M; Ratio 5.969% and the Saudi Tadawul Group (STG) co-organised in Hong Kong the Capital Markets Forum Hong Kong (CMF Hong Kong) event, which attracted more than 500 financial leaders, regulators, investors and corporate representatives from Saudi Arabia, Mainland China, Hong Kong and other parts of the world.
HKEX Group CEO Bonnie Chan said this is the first time STG has organised its flagship forum overseas, with about 200 guests travelling from the Middle East. HKEX will strive to perfect its role as a “matchmaker”, and is expected to facilitate more than 300 one-on-one exchanges between Saudi and Hong Kong/Chinese enterprises and investors during the event, with the expectation of expediting a number of transactions, cooperations or IPOs.
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Chan pointed out that since the signing of the cooperation agreement between HKEX and STG in 2023, both sides have continued to deepen their strategic partnership, including the inclusion of the Saudi Stock Exchange in the list of recognised exchanges, and the listing of the first Saudi ETF in Hong Kong. The ETF has seen an increase of more than 10% in its asset management scale so far, reflecting increased investor interest in investing in the Middle East.
She added that HKEX is now ready to move from looking for development opportunities to taking forward concrete actions. Through bringing investors and enterprises together for face-to-face dialogues, HKEX sought to facilitate capital flows. She believed the listing of Chinese enterprises in the Middle East, or vice versa, would be realised soon.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-09 12:25.)
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