Hong Kong Woos Saudi Money in Attempt to Revive Stock Market [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
Most Read from Bloomberg Americans Are Racking Up ‘Phantom Debt' That Wall Street Can't Track Stormy Daniels Will Return to Court in Test of Trump's Demeanor Trump Judge Indefinitely Postpones Documents Case Trial US Pauses Arms Shipment to Israel on Rafah Invasion Concerns The Saudi Tadawul Group and Hong Kong Exchanges & Clearing Ltd. are co-organizing a conference Thursday at a very opportune time given the city needs fresh stock listings and fund inflows to boost its status as a financial hub. While Hong Kong stands to benefit from the forum, it will also involve an army of Saudi company officials seeking more exposure to Asian investors. “There is strong political will that is pushing for this relationship between China and Gulf countries,” said Edmond Christou, an analyst at Bloomberg Intelligence in Dubai, who recently met with investors and companies in Hong Kong, Shanghai and Beijing. “When you talk to businesses in China, you hear that clients are interested in
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