Saudi Tadawul Group and Shenzhen Stock Exchange Forge Collaboration to Boost Capital Markets 🇸🇦🇨🇳

Saudi Arabia and China’s capital markets are set to strengthen collaboration following an agreement between the Saudi Tadawul Group and the Shenzhen Stock Exchange. The memorandum of understanding aims to foster joint initiatives in areas such as joint listings, financial technology, and more. By leveraging the strengths of both parties, the agreement aligns with the Shenzhen Stock Exchange’s strategy to attract long-term funds from outside China through partnerships with foreign exchanges. This move not only promotes the development of the Saudi capital market but also emphasizes the shared objective of fostering the growth of capital markets for mutual benefit. Under the agreement, the entities will explore joint listings of exchange-traded funds and stocks, exchange experiences in various fields, and collaborate on products such as indices, funds, and real estate investment trusts. The collaboration aims to build a cross-border capital service mechanism, enhancing connectivity and integration between the capital markets of China and Saudi Arabia. This follows a previous agreement in September with the Shanghai Stock Exchange, focusing on dual listings, investor relations, fintech, and more.