China and Saudi Arabia are in talks to exchange the inclusion of ETFs

Three insiders said: “Two exchanges from China and Saudi Arabia are in talks to allow the exchange of inclusion of index funds in each; Countries look forward to deepening financial relations “.

Three insiders said: “Two exchanges from China and Saudi Arabia are in talks to allow the exchange of inclusion of index funds in each; Countries look forward to deepening financial relations “.

For China, such a link with Saudi Arabia would be the first of its kind outside the East Asian region and underscored the country’s commitment to open its financial markets valued at trillions of dollars to international investors.

One source said: “Some of the managers of China’s largest ETFs have been notified in recent months of the possibility of a mutual listing agreement with Saudi Arabia, and some are considering this option.

Exchange of inclusion of ETFs would allow investors in China and Saudi Arabia to trade in funds that track certain stocks or bond indices on each other’s exchanges.

In recent years, China has launched several “E” projects. T. with foreign exchanges in Hong Kong, Japan, South Korea and Singapore.

Sources from the sector said: “Trading volumes under these programmes have not yet recorded significant levels, but some products have found a turnout.”