SFC meets Capital Market Authority and Saudi Tadawul Group in Saudi Arabia

The Securities and Futures Commission’s (SFC) Chief Executive Officer, Ms Julia Leung, and its Executive Director of Investment Products, Ms Christina Choi, recently concluded a business trip to the Middle East. In Riyadh, Saudi Arabia, they met with the head of the Capital Market Authority (CMA) and senior executives of the Saudi Tadawul Group, the parent company of the Saudi Exchange. During these discussions, the parties explored ways to strengthen collaboration in financial services between Hong Kong and Saudi Arabia, including the possibility of a supervisory Memorandum of Understanding. They also exchanged views on issues of mutual interest, such as facilitating the cross-listing of ETFs in both capital markets. In addition to these meetings, Ms Leung and Ms Choi participated in a roundtable with leading local asset managers and financial institutions in Riyadh. The discussion focused on the regulatory and market landscape in Hong Kong, including the current state and opportunities in the asset and wealth management sector. This visit builds on the first international Capital Markets Forum, which was co-organized by Saudi Tadawul Group and the Hong Kong Exchanges and Clearing Limited in Hong Kong on May 9, 2024. Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR99