Hong Kong and Riyadh have strengthened relations in recent years, as the Asian city seeks to attract rich Gulf families and diversify its investor pool. Meanwhile, the oil-rich kingdom has worked to raise foreign ownership and pump liquidity in publicly traded stocks under its Vision 2030 agenda, with Chinese investors seen as central to that plan.
Hong Kong and Saudi Arabia are ramping up efforts to boost trading activity as inflows to their exchange traded funds wane and cross-listings fail to materialise.
Hong Kong Exchanges & Clearing CEO Bonnie Chan and Mohammed Al-Rumaih, her counterpart at the Tadawul stock exchange, are poised to address the co-hosted Capital Markets Forum in Hong Kong on Thursday. The city’s financial secretary Paul Chan and Securities and Futures Commission head Julia Leung will also speak.
