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The first batch of Middle East ETFs (Exchange Traded Funds) are officially launched.

On July 16, Huatai-PineBridge CSOP Saudi Arabia ETF (referred to as "Saudi Arabia ETF", fund code 520830) will be officially listed and traded on the Shanghai Stock Exchange. As one of the first domestic ETFs focused on investing in the Middle East market, the listing of this ETF marks the full opening of channels for domestic investors to directly invest in the Saudi Arabia market.

Against the backdrop of a global economic slowdown, Saudi Arabia, as a shining pearl in the emerging market, has attracted the attention of a large number of investors with its scarce and stable market environment and strong growth potential. Saudi ETF (520830) closely tracks the FTSE Saudi Arabia Index through cross-listing, which not only realizes the vision of domestic investors to invest directly in the Saudi market, but also builds an index investment bridge for domestic investors to the Saudi capital market. It also helps to promote financial cooperation between the two places and promote the diversification of global asset allocation. (Securities Times)