CNOOC 00883

More liquidity is coming to Hong Kong stocks. There will be increasing capital flowing to this undervalued market.

【Saudi Arabia's first Hong Kong stock ETF will be listed on October 30 with scale expected to exceed HKD 10 billion】According to Caixin reporters, Saudi Arabia's first Hong Kong stock ETF is scheduled to be listed in Saudi Arabia on October 30, named Albilad CSOP MSCI Hong Kong China Equity ETF. This product is Saudi Arabia's first ETF investing in China, with no less than 95% of its assets invested in CSOP MSCI China Hong Kong Connect Select ETF listed on HKEX by CSOP Asset Management. It is reported that the scale of this ETF has recently reached HKD 10 billion. If all this capital is raised from Saudi Arabia, it means this product could become the largest ETF in the Middle East upon listing.