FII 2024: Hong Kong delegation secures billions of dollars in Saudi funds from dozen deals

Quick Summary:

The highlight of the week was the US$1 billion accord announced on the final day of the 2024 FII summit by the Saudi sovereign wealth fund and the HKMA.

This week, Cathay Pacific Airways resumed the direct Hong Kong-Riyadh service that it had halted in 2017.

The country can come to Hong Kong to issue Islamic bonds or green bonds because Hong Kong has a deep capital pool of international and mainland investors.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongCubaSaudi Arabia

Topics: Middle Saudi Days Week Hong Arabia Companies Science Kong Technology Start-ups

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 07:00:21 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 360 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23420655

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Main Topics: Business

Official Website: scmp.com

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News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

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