Hong Kong Exchanges and Clearing Limited (HKEX) announced it will open a new office in Riyadh, Saudi Arabia, in 2025. According to the company, the expansion aims to strengthen HKEX’s ties with the Middle East and support connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term between China and the Gulf region.

HKEX Opens Riyadh Office

HKEX’s new Riyadh office will facilitate engagement with regional investors and businesses, offering access to financial products available in Hong Kong.

This decision follows HKEX’s recent initiatives in the Middle East, including its partnership with the Saudi Tadawul Group and the launch of the first Saudi-focused Exchange-Traded Fund (ETF) Exchange-Traded Fund (ETF) An exchange-traded fund (ETF) is a collection of a mixture assets, i.e. stocks, commodities, bonds, or cryptocurrencies that tracks an index or underlying portfolio of investments.Of note, an ETF functions an arbitrage mechanism that is designed to keep it trading close to its net asset value. Most tradable ETFs track a specific index. This most commonly mirrors a stock or bond index. The popularity of ETFs has grown in recent years and are seen as an attractive investment due to its low cost, e An exchange-traded fund (ETF) is a collection of a mixture assets, i.e. stocks, commodities, bonds, or cryptocurrencies that tracks an index or underlying portfolio of investments.Of note, an ETF functions an arbitrage mechanism that is designed to keep it trading close to its net asset value. Most tradable ETFs track a specific index. This most commonly mirrors a stock or bond index. The popularity of ETFs has grown in recent years and are seen as an attractive investment due to its low cost, e Read this Term in Hong Kong last year.

“As investment ties between the Middle East and Asia grow stronger, Hong Kong and HKEX’s roles in connecting capital and opportunities between these regions have become more important than ever,” said Bonnie Y Chan, CEO of HKEX.

Day 2 of #FII8 started off with an announcement from Chairman Carlson Tong at a Breakfast event that HKEX will soon be opening an office in #Riyadh! CEO Bonnie Y Chan participated in a panel to share how HKEX supports innovative companies’ capital raising. pic.twitter.com/YXqojaHM7g

— HKEX 香港交易所 (@HKEXGroup) October 31, 2024

In 2022, HKEX announced the opening of a new office in New York City to support its expanding international client base and enhance the group's global presence, as reported by Finance Magnates.

The New York office links trading hubs in the United States and Hong Kong, facilitating collaboration between US customers and Mainland China's market. The primary objective is to promote HKEX's primary and secondary cash markets.

Middle Eastern Listings Opportunity

Additionally, HKEX has expanded its list of Recognised Stock Exchanges to include the Saudi Exchange, Abu Dhabi Securities Exchange, and Dubai Financial Market. This allows Middle Eastern companies to explore secondary listings in Hong Kong.

“Joining our offices in Beijing, London, New York, Shanghai, and Singapore, the new Riyadh office will enable us to foster greater global coverage and facilitate access for Middle East clients to Asia’s most international, diverse and liquid capital markets in Hong Kong,” Y Chan added.