Saudi ETFs surge in China debut as financial ties deepen

Funds touch upper limit on first day of trading in Shanghai, Shenzhen

20240716N Saudi Aramco pipeline

Chinese investors now can put money into exchange-traded funds that track top Saudi Arabian companies such as oil giant Saudi Aramco.  © Reuters

NORIYUKI DOI, Nikkei staff writer

SHANGHAI -- Two Saudi Arabian exchange-traded funds made a strong market debut in mainland China on Tuesday as investors snapped up the instruments on the first day amid strong financial ties between the two countries.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.