In the tide of globalization, the cooperation between Saudi Arabia and Hong Kong has become increasingly close, with 2024 marking a milestone in their economic collaboration. The announcement of three major investment funds has not only deepened the economic ties between the two regions but also brought unprecedented opportunities for investors, promoting a new process of cross-regional economic integration.

Albilad MSCI China ETF:

As the first Saudi fund focused on the Chinese market, it has successfully raised $1.3 billion, providing investors with a unique investment platform to access leading Chinese companies listed on the Hong Kong Stock Exchange (HKEX), particularly those that comply with Sharia investment standards.

CSOP Saudi Arabia ETF:

The first ETF in the Asia-Pacific region to track Saudi equities, it has enhanced the global visibility of the Saudi market and provided global investors with direct investment opportunities in the Saudi market, further promoting the interconnectivity between Saudi Arabia and the Asia-Pacific capital markets.

Joint Investment Fund by Saudi Public Investment Fund (PIF) and Hong Kong Monetary Authority (HKMA):

In October 2024, both parties signed a Memorandum of Understanding to establish a fund with a target size of $1 billion, focusing on key sectors such as manufacturing, renewable energy, fintech, and healthcare. The establishment of this fund not only injects new momentum into Saudi Arabia's "Vision 2030" but also adds new luster to Hong Kong's status as an international financial center.

In-Depth Cooperation in Investment Fields:

The Saudi Public Investment Fund (PIF) makes strategic investments globally, with a wide range of investment areas including aerospace and defense, automotive, transportation and logistics, healthcare, real estate, and other key industries. PIF's investments not only promote the diversification of the Saudi economy but also provide global investors with opportunities to participate in the economic transformation of Saudi Arabia.

The Hong Kong Monetary Authority (HKMA) actively participates in the mainland and international markets through its responsible investments, promoting deep integration of Hong Kong with the global economy.

Long-Term Impact of Economic Cooperation:

The establishment of these investment funds not only provides a new platform for economic cooperation between Hong Kong and Saudi Arabia but also offers strong support for the international development of businesses in both regions. Through these funds, Hong Kong and Saudi Arabia can jointly explore new investment opportunities and promote the common prosperity of the regional economy.

For Hong Kong, this consolidates its position as a "super connector" between the Middle East and Mainland China; for Saudi Arabia, it means attracting professional capabilities and innovative resources from Hong Kong and the Greater Bay Area to drive local economic transformation. The cooperation between Saudi Arabia and Hong Kong is not only a flow of capital but also an exchange of wisdom and opportunities, jointly opening a hopeful new era of investment.

Hong Kong TYC Finance Limited, as a participant in this process, is committed to combining modern Islamic finance principles with sustainable financial development and building a diverse, inclusive, and mutually beneficial business ecosystem. It will continue to play its unique role in promoting financial cooperation and economic development between the two regions and globally.

We believe that under the dual drive of Saudi Arabia's "Vision 2030" and Hong Kong's status as an international financial center, the establishment of these investment funds marks a new height in their cooperation, injecting new vitality into the development of the regional and global economy. The cooperation between Saudi Arabia and Hong Kong is not only a flow of capital but also an exchange of wisdom and opportunities, jointly opening a hopeful new era of investment.