New ETFs Expand Investment Opportunities for Chinese Investors in Saudi Arabia

Two new exchange-traded funds focusing on Saudi Arabian stocks debuted today in Shanghai and Shenzhen, offering Chinese investors the opportunity to invest in securities in the oil-rich kingdom. This development occurs against the backdrop of strengthening relations between the two nations. The China Southern Asset Management CSOP Saudi Arabia ETF QDII listed in Shenzhen and had previously raised an impressive 634 million yuan (87 million USD). A second fund, the Huatai-PineBridge CSOP Saudi Arabia ETF QDII, commenced trading in Shanghai, raising 590 million yuan. Particularly noteworthy was the high trading volume of both funds recorded on their first trading day. The shares of both ETFs reached their respective price limits and closed the day at these thresholds.