Hong Kong and Saudi exchanges explore cross-listings

Hong Kong, SaudiThe Hong Kong Exchanges and Clearing (HKEX) and the Saudi Tadawul Group have signed a memorandum of understanding (MoU) to explore potential partnerships around fintech, ESG and cross-listings. The signing took place during a state visit to Saudi Arabia and the UAE by HKEX chief executive Lee Ka-chiu who described the MoU as evidence that Hong Kong and Saudi Arabia are “entering a new level of cooperation”. The partnership comes on the back of several bilateral agreements struck by HKEX as it looks to attract more international investors. The Tadawul Group has been similarly active in terms of developing its offering via new products and international partnerships as part of its ambition to establish itself as an investment hub between East and West. “The Kingdom of Saudi Arabia, and the broader Middle Eastern region, are one of the world’s most dynamic and exciting economic and innovation hubs and also home to some of the fastest growing investor groups in the world”, said Nicolas Aguzin, HKEX chief executive. “Hong Kong and HKEX’s markets offer significant opportunities for international investors and companies, including unrivalled connectivity to the mainland Chinese markets through our unique Connect programmes”. ©2023 funds global asia

Executive Interviews

Executive interview: PGIM CEO on where the ESG flowers should bloom

Sep 27, 2021

David Hunt, president and chief executive of PGIM, tells Romil Patel about leading a top 10 global asset manager in times where “empowering and encouraging the kind of investment decisions as...

Executive interview: Nicolas Moreau’s orderly transition

Jul 12, 2021

Nicolas Moreau, CEO of HSBC Asset Management, is moving to Asia as the firm looks to connect more directly with the region’s growth story. ESG is also a key focus – including the ‘just’ carbon...


Roundtable: Singapore comes of age as an Asian ESG hub

Dec 01, 2021

Strong ESG credentials strengthen the case for Singapore as a leader in Asia of the post-Covid recovery. Our panel discusses the risks and opportunities.

Roundtable: How well geared are Japanese assets for a new world?

Jul 12, 2021

As we prepare to emerge from Covid, experts look at overcoming demographic issues through a combination of good tech and corporate governance, improving productivity and meeting an ambitious government carbon emissions reduction target. Chaired by Romil Patel.