沙特交易所CEO穆罕默德·艾·鲁迈赫：中国在AI等领域吸引了全球资本中沙资本市场的合作进展令人鼓舞

Core Insights - Saudi Arabia is keen to deepen cooperation with China in capital markets, particularly in high-tech sectors and artificial intelligence [1][3][8] - Significant progress has been made in cross-listing mechanisms and the introduction of exchange-traded funds (ETFs) between the two countries [2][4][5] Group 1: Capital Market Cooperation - The CEO of the Saudi Exchange, Mohammed Al Rumaih, expressed enthusiasm for inviting Chinese investment institutions to participate in the Saudi capital market [1][3] - In 2023, the Saudi Exchange signed memorandums of understanding with both the Shanghai and Shenzhen stock exchanges, as well as the Hong Kong Stock Exchange, to explore joint listings and fintech collaborations [3][5] - Currently, four Saudi ETFs are listed in China, with two on the Hong Kong Stock Exchange and one each on the Shanghai and Shenzhen exchanges, while two China-themed ETFs have also been introduced in Saudi Arabia [3][4] Group 2: Cross-Listing Developments - The Saudi Exchange has introduced regulations for Saudi Depositary Receipts (SDRs), which have received regulatory approval, facilitating Chinese companies' cross-listing in Saudi Arabia [4] - Discussions have been held with multiple Chinese companies considering cross-listing, with the condition that their development strategies align with Saudi Arabia's Vision 2030 [4][5] Group 3: Investment Opportunities - The Saudi capital market is one of the fastest-growing globally, completing over 40 IPOs annually, with a market capitalization of $2.6 trillion, attracting significant international investment [5][6] - There has been an increase in interest from Chinese asset management companies seeking to understand the Saudi capital market better [7] - The Saudi Exchange is simplifying regulations to facilitate foreign investment, which has garnered positive responses from international investors, particularly from China [6][8] Group 4: Future Collaboration - There is optimism about expanding cooperation between the two countries' capital markets, with plans to launch more ETFs and enhance investment channels [8] - The focus on complementary industries, particularly in AI, is seen as a significant opportunity for collaboration, with both countries aiming to leverage their strengths [1][8]