HONG KONG, Oct. 30 (Xinhua) — Hong Kong Exchanges and Clearing Limited (HKEX) on Wednesday announced plans to open an office in Riyadh in 2025 to strengthen HKEX’s presence in the Middle East, aiming to promote greater connectivity between China. and the Gulf region with the aim of facilitating new opportunities for its clients and issuers around the world.

Located in economic powerhouse Saudi Arabia and one of the region’s main financial hubs, the new Riyadh office will allow HKEX to better connect with investors and businesses in one of the most dynamic economic hubs and innovative companies in the world, providing on-the-ground support to help them access Hong Kong’s large and diverse ecosystem of financial products, as well as seize the opportunities presented by Asia’s growth trends.

HKEX Managing Director Bonnie Chan said the opening of a Middle East office in Riyadh will further consolidate cooperation between HKEX and the Middle East. It will also underline HKEX’s strategic commitment to promoting closer capital markets connections between China and the Middle East, while supporting the ambitions of HKEX’s wide range of clients from the region and around the world.

“Joining our offices in Beijing, London, New York, Shanghai and Singapore, the new Riyadh office will enable us to foster greater global coverage and facilitate access for Middle Eastern clients to the most international capital markets, Asia’s most diversified and liquid markets in Hong Kong,” says Chan.