On the 26th, the Financial Secretary of the Hong Kong Special Administrative Region Government, Chan Mo po, published a blog post stating that Asia's first Saudi ETF (Traded Open End Fund) will be listed on the Hong Kong Stock Exchange on the 29th. At that time, investors will be able to directly trade components of the Saudi stock market index in Hong Kong dollars or Chinese yuan through the ETF, including oil company Saudi Aramco. This ETF has the largest asset size among similar products worldwide. Chen Maobo said that in the past two months, the Hong Kong Stock Exchange has successively included the Saudi Arabian Exchange and the Indonesian Stock Exchange in the list of recognized securities exchanges, allowing companies listed on these exchanges to go public in Hong Kong for a second time. The Saudi Arabian Exchange brings together large energy, industrial, and medical industries in the Middle East; The Indonesian Stock Exchange is a fundraising hub for high-quality innovative enterprises in Southeast Asia. Encouraging companies from two emerging markets to use Hong Kong for fundraising will also provide greater incentives for them to settle in Hong Kong and expand their business. In addition, the investment attraction work of the special zone government is steadily progressing. Chen Maobo stated that in addition to key enterprises, the Investment Promotion Department of the Special Administrative Region Government assisted over 330 mainland or overseas enterprises in opening and expanding their businesses in Hong Kong in the first 10 months of this year, a year-on-year increase of 30%. These enterprises are expected to create over 3700 job opportunities in Hong Kong. Chen Maobo said that in recent years, the SAR government has continued to invest and promote innovation, technology, and new industrialization, strengthening the transformation of research results and the industrialization of innovation and technology. In addition, the entire SAR government has actively demonstrated Hong Kong's new advantages to the outside world and is fully committed to attracting investment. Positive effects have gradually been achieved. (Lai Xin She)
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
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