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On July 19, the two Saudi ETFs opened slightly higher and continued to fall. As of the close of the midday session, the Southern Saudi ETF (159329) fell 0.45%, with an excess discount rate of 6.91%; the Huatai-PineBridge Saudi ETF (520830) fell more than 1%, with an excess discount rate of 5.76%. Yesterday, the two Saudi ETFs were suspended for one hour in the morning. After the resumption of trading, the price once rose by more than 6%. However, half an hour after the opening of the afternoon, the two Saudi ETFs quickly plunged. As of the close of the 18th, the closing prices of the Southern Saudi ETF and the Huatai-PineBridge Saudi ETF were 1.1080 yuan and 1.1020 yuan, respectively, with a daily decline of 6.66% and 7.08%, respectively. Previously, on July 16 and 17, the two Saudi ETFs hit the daily limit in succession.

Recently, many brokerages including GF Securities, Huatai Securities, and Guotou Securities have issued warnings to investors, saying that the Saudi ETF (520830) and Saudi ETF (159329) have had high premium rates recently and there is a serious risk of market speculation.

In addition, Huatai-PineBridge Fund Management and Southern Fund Management issued six risk warning announcements within three days, stating that the secondary market trading price of Saudi ETF was significantly higher than the reference net value of fund shares, with a large premium, reminding investors to pay attention to the premium risk of secondary market trading prices. If investors invest blindly, they may suffer heavy losses.