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The Saudi ETFs under Huatai-PineBridge Funds and Southern Funds will be suspended from trading from the opening of the market today until 10:30

2024-07-18

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On July 18, Huatai-PineBridge Fund Management Co., Ltd. announced that the recent secondary market trading price of the company's Saudi Arabia ETF (520830) was significantly higher than the reference net value of fund shares, showing a large premium. Investors are reminded to pay attention to the premium risk of secondary market trading prices. If investors invest blindly, they may suffer heavy losses.


Southern Fund also announced that the recent secondary market trading price of the company's Saudi ETF (159329) was significantly higher than the reference net value of fund shares, showing a large premium. Investors are reminded to pay attention to the premium risk of secondary market trading prices. If investors invest blindly, they may suffer heavy losses.


Huatai-PineBridge Fund Management and China Southern Fund Management announced that in order to protect the interests of investors, the two Saudi ETFs will be suspended from the opening of the market on July 18 to 10:30 on the same day, and will resume trading at 10:30 on July 18. If the premium of the two Saudi ETFs in the secondary market does not effectively fall at the close of the morning on July 18, the two funds have the right to apply to the Shanghai and Shenzhen Stock Exchanges for a suspension from the opening of the market on the afternoon of July 18 to the close.

On July 16, the first batch of Saudi Arabian exchange-traded funds (ETFs) were officially listed in China. On July 16 and July 17, two Saudi Arabian ETFs hit the daily limit in succession.