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new etfs tracking hong kong and china shares launch in saudi arabia
Two exchange-traded funds (ETFs) focused on Hong Kong and China shares have launched in Saudi Arabia, reflecting growing financial ties between the regions. The Albilad CSOP MSCI Hong Kong China Equity ETF raised HK$10 billion ($1.3 billion) and closed its first day at 9.97 riyals, slightly below its listing price of 10 riyals. The SAB Invest Hang Seng Hong Kong ETF is set to debut with the same initial price.
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