Hong Kong Exchanges and Clearing Limited (HKEX) welcomes the listing of Asia Pacific’s first ETF to track Saudi Arabian equities – the CSOP Saudi Arabia ETF (Stock code: 2830 / 82830).

This ETF, which tracks the FTSE Saudi Arabia Index, provides investors with a new opportunity to invest in Saudi Arabia’s capital markets through a Hong Kong-listed ETF, further enhancing the global connectivity of Hong Kong’s ETF market. The new ETF complements a huge array of thematic and country specific ETFs listed in Hong Kong and will be the world’s biggest Saudi-focused ETF.

As one of the fastest-growing segments in HKEX’s markets, the market capitalisation of Hong Kong’s Exchange Traded Products (ETPs), including ETFs and Leveraged and Inverse Products (L&I Products), has grown 20 per cent in the year to October 2023, totalling $355.43 billion.

The inclusion of ETFs in Stock Connect and the first listings of crypto asset ETFs in Hong Kong have further boosted the strong growth momentum and product diversity of Hong Kong’s ETP market since their introduction in 2022.

The average daily turnover of ETPs for the first ten months of 2023 jumped over 20 per cent year on year, reaching $14 billion. As at 31 October 2023, 175 ETPs were listed on HKEX, with one third of ETP issuers on HKEX having introduced new products in the Hong Kong market during the year.