Zheng Zhenning, deputy general manager and head of the investment banking department of J.P. Morgan Securities Co., Ltd., said while attending the CMFSelect Shanghai summit on September 3 that discussions on the mutual cooperation between China and Saudi Arabia's capital markets have moved from “why to connect” to the practical stage of “how to implement the connection.” According to Zheng Zhenning, Sino-Saudi capital market cooperation is moving from framework to product implementation: in 2023, the Shanghai Stock Exchange signed a memorandum of cooperation with the Saudi Stock Exchange Group to cooperate on cross-listing, ETFs, and market infrastructure; in 2024, the first batch of domestic ETFs to invest in the Saudi market was officially launched. Looking forward to the future, on the basis of the exchange of investment products such as ETFs, the market is concerned about how cooperation can be further extended to the primary market issuance and financing.

Zheng Zhenning, deputy general manager and head of the investment banking department of J.P. Morgan Securities Co., Ltd., said while attending the CMFSelect Shanghai summit on September 3 that discussions on the mutual cooperation between China and Saudi Arabia's capital markets have moved from “why to connect” to the practical stage of “how to implement the connection.” According to Zheng Zhenning, Sino-Saudi capital market cooperation is moving from framework to product implementation: in 2023, the Shanghai Stock Exchange signed a memorandum of cooperation with the Saudi Stock Exchange Group to cooperate on cross-listing, ETFs, and market infrastructure; in 2024, the first batch of domestic ETFs to invest in the Saudi market was officially launched. Looking forward to the future, on the basis of the exchange of investment products such as ETFs, the market is concerned about how cooperation can be further extended to the primary market issuance and financing.