The Hong Kong Exchange and Clearing Ltd (HKEX) recently announced an expansion to support companies in the rapidly growing Middle East region. CEO Bonnie Chan Yiting expressed optimism about the first Middle East listing in Hong Kong, highlighting the city’s appeal to a diverse investor base.
Further, the Financial Services Development Council (FSDC) aims to enhance Hong Kong’s position as a financial center by conducting more studies on Middle East markets and Islamic finance. These efforts will attract talent and fund flows, positioning Hong Kong as a “super connector” in the region.
The global Islamic finance market, valued at US$4.5 trillion, continues to grow annually. FSDC has signed agreements with Saudi Arabia to boost financial cooperation. Andrew Wier of FSDC believes Saudi funds will find opportunities in Hong Kong, strengthening bilateral ties.
Looking ahead, FSDC chair Laurence Li Lu-jen envisions joint projects with Saudi Arabia to elevate Hong Kong’s role as a financial connector. Li also emphasized the need to revamp new listings in Hong Kong, learning from global markets to attract tech companies effectively.