HONG KONG, Oct. 30 (Xinhua) -- The Hong Kong Exchanges and Clearing Limited (HKEX) announced on Wednesday that it plans to open an office in Riyadh in 2025 to strengthen HKEX's Middle East presence as it looks to promote greater connectivity between China and the Gulf region with the aim to facilitate new opportunities for its customers and issuers around the world.
Situated in Saudi Arabia's economic powerhouse and a leading financial hub in the region, the new Riyadh office will enable HKEX to better connect with investors and companies in one of the world's most dynamic and innovative economic hubs, providing on-the-ground support to help them access Hong Kong's broad and diverse financial products ecosystem, as well as to capture the opportunities brought by Asia's growth trends.
HKEX Chief Executive Officer Bonnie Chan said that opening a Middle East office in Riyadh will further consolidate the cooperation between HKEX and the Middle East. It will also underscore HKEX's strategic commitment to promoting greater capital market connections between China and the Middle East, whilst supporting the ambitions of HKEX's broad range of customers from the region and around the world.
"Joining our offices in Beijing, London, New York, Shanghai, and Singapore, the new Riyadh office will enable us to foster greater global coverage and facilitate access for Middle East clients to Asia's most international, diverse and liquid capital markets in Hong Kong," Chan said.
