The Hong Kong Monetary Authority is looking to give Middle Eastern investors an avenue to invest in the bond markets of Hong Kong and mainland China, The Standard reported Thursday, citing a television interview with HKMA Chief Executive Eddie Yue Wai-man.
The move is seen to help develop an investment channel between Hong Kong, mainland China, and the Middle East, the report said.
Two Hong Kong stock-trading exchange traded funds are listed on the Tadawul or the Saudi Arabian exchange, while Hong Kong is also helping the United Arab Emirates set up a bond settlement and custodian institution, the report said, citing Yue.
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