The SFC's CEO Julia Leung recently visited the head of Saudi Arabia's Capital Market Authority and Saudi Exchange's CEO, while Saudi Aramco has launched a secondary offering.
The inclusion of cryptocurrency Ether, alongside Bitcoin, for the exchange-traded funds on the Hong Kong Stock Exchange, contrasts with the US approach.
Bosera International, Harvest Global Investments and China Asset Management have launched ETFs for Bitcoin and Ethereum on the Hong Kong Stock Exchange.
With the world’s most famous cryptocurrency now more accessible, it is attracting a 'ripple effect' among investors in the SAR, but asset managers will need to adapt as further questions are raised about Bitcoin's future.
Experts from CICC explain how and why China has defied the global narrative around capital markets, by surging at a time when other key territories are underperforming.