Saudi ETFs Make Impressive Debut in Chinese Markets, Reflecting Stronger Financial Connections with the Middle East
Tuesday, 16 July 2024, 06:30
Saudi ETFs’ Strong Performance in Chinese Markets
The two feeder funds experienced significant gains, rising by 7.1% and 5.6% in Shenzhen and Shanghai, respectively.
Financial Collaboration between Saudi Arabia and China
The successful debut reflects a deepening partnership between the two nations, with a combined fundraising of US$170 million.
Promising Growth Potential for Cross-Border Investments
The positive response highlights the increasing opportunities for investment and financial cooperation between the Middle East and China, paving the way for mutually beneficial collaborations.
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.