The regulators of Hong Kong and Saudi Arabia will explore ways to cross-list exchange traded funds (ETFs) and foster two-way fund flows, according to the Securities and Futures Commission (SFC).
The SFC said on Monday that it was looking into the possibility of signing a memorandum of understanding with Saudi Arabia’s Capital Market Authority (CMA) following a visit by CEO Julia Leung Fung-yee and executive director Christina Choi last week. The trip included stops in Riyadh and Abu Dhabi, the capital of the United Arab Emirates (UAE).
Source: TRADE FINANCE
