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Paul Chan: HKMA, Saudi PIF Launch US$1B Fund
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Financial Secretary Paul Chan stated that cooperation between Hong Kong and Saudi Arabia has extended from the financial sector to industrial and commercial fields. The Hong Kong Monetary Authority (HKMA) will jointly launch a US$1 billion fund with the Saudi Arabian Public Investment Fund (PIF), aiming to support Hong Kong and Greater Bay Area enterprises in tapping into the Saudi market and facilitate the development of Saudi Arabia's non-oil economic sectors. Chan added that a large Saudi development company will hold a roadshow in Hong Kong next month to seek strategic partners and professional service providers to support its infrastructure construction. AASTOCKS Financial News Website: www.aastocks.com |
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