Tadawul Group, operator of the Saudi Stock Exchange, and Shenzhen Stock Exchange are in talks to offer a cross-listing of their respective Exchange Traded Funds (ETFs), allowing investors in Saudi Arabia and China to trade stocks or bonds on their countries’ stock exchanges, as the countries look to deepen financial ties amid warming diplomatic relations. The talks are in the early stages and could mark a major first step by Beijing and Riyadh towards broadening cooperation beyond energy, security, and sensitive technology sectors. China has launched ‘ETF Connect’ projects in recent years with offshore stock exchanges in Hong Kong, Japan, South Korea, and Singapore. Hong Kong Exchanges and Clearing is also in separate talks with its Saudi counterpart for a similar programme.
China and Saudi Arabia in talks to cross-list stock markets
