Asia's first Saudi ETF debuts in Hong Kong
HONG KONG, Nov. 29 (Xinhua) -- Asia's very first exchange-traded fund (ETF) tracking shares listed in Saudi Arabia debuted in Hong Kong on Wednesday, marking another step for the financial hub to deepen ties with the Middle East.
The ETF allows investors in Hong Kong to trade Saudi stocks including the oil giant Saudi Aramco either in Hong Kong dollars or Chinese yuan. It is managed by Hong Kong-based CSOP Asset