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Saudi Arabia launches largest ETF tracking Chinese stocks in Hong Kong
Saudi Arabia is set to launch its largest exchange-traded fund, the Albilad CSOP MSCI Hong Kong China ETF, which will track Hong Kong equities. The fund has raised HK$10 billion ($1.3 billion) and will begin trading next Wednesday, marking a significant step in the financial relationship between China and the kingdom. This ETF surpasses all others listed on the Saudi exchange, highlighting the growing investment ties.
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