CX Briefing: Hong Kong Debuts Saudi Sukuk ETF

CX Briefing: Hong Kong Debuts Saudi Sukuk ETF

CX Briefing: Hong Kong Debuts Saudi Sukuk ETF - Also in today’s rundown: Li Auto’s first-quarter performance falls sharply as consumers turn to cheaper cars, internet insurer ZhongAn’s stock surges after Hong Kong passes Stablecoins Bill

Hong Kong Debuts Islamic Bond ETF

As part of ongoing efforts to strengthen Middle Eastern links, Hong Kong has launched its first-ever Islamic bond ETF. Hong Kong has listed its first-ever Islamic bond – also known as sukuk – exchange-traded fund (ETF), according to a statement by the Securities and Futures Commission (SFC).  «Strengthening collaboration with the Middle East is pivotal to Hong Kong’s efforts to expand its worldwide network of trusted partners amidst new global c…

Hong Kong and Saudi work on cross-border financial products

Hong Kong and Saudi Arabia are considering allowing more cross-border financial products as the two markets seek to deepen financial ties amid rising trade uncertainties. An exchange-traded fund tracking bonds issued by the Saudi government started trading in Hong Kong on Thursday, the first fixed-income fund listed in the territory to offer such exposure. Apart from the fund, more products – such as a sharia-compliant sukuk bond and a real esta…