Hong Kong Strengthens I&T Relations with Saudi Arabia Amid Geopolitical Factors

Sunday, 27 October 2024, 06:13

SCMP news indicates that Hong Kong is eager to establish deeper I&T ties with Saudi Arabia, emphasizing the impact of geopolitical factors and capital flow. Paul Chan Mo-po, the city's finance chief, is set to lead a delegation to Riyadh amid ongoing economic shifts.
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Hong Kong Strengthens I&T Relations with Saudi Arabia Amid Geopolitical Factors

Hong Kong Strengthens I&T Relations with Saudi Arabia Amid Geopolitical Factors

Hong Kong is actively pursuing closer innovation and technology (I&T) connections with Saudi Arabia as stated by Financial Secretary Paul Chan Mo-po. His upcoming trip involves a delegation of 110 members participating in the 8th Future Investment Initiative in Riyadh, aiming to foster collaboration in key investment areas while acknowledging the influence of geopolitical factors on capital flow.

Focus on Technology Start-Ups

  • Delegation members include representatives from over 20 technology start-ups.
  • Exchange-traded funds tracking Hong Kong stock indices will be launched on the Saudi Exchange.
  • Activities to showcase Hong Kong's I&T achievements will engage regional investors.

Enhancing Market Dynamics

By introducing bilateral capital flow mechanisms, Chan anticipates a positive shift for investments from the Middle East, aiming to acclimate local investors to Hong Kong's financial products.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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