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Michael Wong: HK Plans to Launch ETF Tracking HK Stock Indices in Middle East
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Hong Kong is working with a number of financial institutions to launch ETFs tracking Hong Kong's stock indices in the Middle East in the future, so as to further enhance capital flows between Hong Kong and the Middle East, Deputy Financial Secretary, Michael Wong, said. When attending the Capital Markets Forum Hong Kong (CMF Hong Kong), Wong said that Hong Kong provides an excellent financing platform for Saudi Arabian companies, which can help them obtain international capital for expanding their business. HKEX (00388.HK) added the Saudi Exchange to its list of recognized stock exchanges in 2023, and enterprises listed on the Saudi Exchange can apply for a secondary listing in Hong Kong, Wong added. AAStocks Financial News |
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