While attending the FII, Mr Chan witnessed the signing of cooperation agreements between a number of Hong Kong organisations and enterprises with their counterparts in Saudi Arabia. These included an MoU between the Hong Kong Monetary Authority and the Saudi Arabia Public Investment Fund (PIF) to jointly establish a new investment fund of up to US$1 billion. This fund will invest in sectors such as manufacturing, renewables, fintech, and healthcare, promoting the development of enterprises from Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area in Saudi Arabia, while strengthening Hong Kong’s position as an international financial centre.
Mr Chan also attended the listing ceremony of the SAB Invest Hang Seng Hong Kong Exchange Traded Fund at the Saudi Exchange. Developed in collaboration with Saudi Awwal Bank’s subsidiary, SAB Invest, this product provides Middle East investors with opportunities to invest in Hong Kong’s capital markets.
“The vision of a Green Silk Road presents a unique opportunity for us to collaborate on fostering sustainable, resilient, and inclusive development for future generations,” Mr Chan said.
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