Shenzhen and Dubai pledge to increase cross-border ETF investing

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Financial Times 4d ago

Shenzhen and Dubai pledge to increase cross-border ETF investing - Financial Times

Quick Summary:

The latest MOU between Shenzhen and Dubai comes as Chinese investors have sought to circumnavigate sluggish mainland stocks and take advantage of Beijing’s deeper ties in the Middle East.

Hamed Ali, chief executive of DFM and Nasdaq Dubai, said the MOU was “a pivotal step in strengthening our cross-border ties, driving global investment opportunities and enhancing market accessibility”.

That MOU is focused on fostering a “closer relationship” between Hong Kong and Abu Dhabi by facilitating inbound and outbound investments in both markets and sharing information on business environments and investment opportunities.