Ding Chen, CEO of CSOP Asset Management Limited, said their Saudi Arabia ETF listed in Hong Kong in November 2023 has become the world’s largest Saudi ETF with over US$1 billion in size.
The ETF, later cross-listed in Shanghai and Shenzhen in July last year, achieved significant trading volume of 17 billion yuan in a single day.
“As you can see, investors in the mainland market have shown great enthusiasm for the Saudi market,” she told RTHK’s “Government and You” programme.
Ding added that their MSCI Hong Kong China Equity ETF listed in Saudi Arabia had to comply with Islamic investment principles, excluding sectors like pork, tobacco, and gambling.
Looking ahead, Ding expressed confidence in the SAR’s potential to become a hub for Middle Eastern and emerging market investments.
