The Chief Executive Officer (CEO) of the Securities and Futures Commission (SFC) Ms Julia Leung and the Chairman of the Capital Market Authority (CMA) of Saudi Arabia His Excellency Mr Mohammed bin Abdullah Elkuwaiz met in Hong Kong on Tuesday to advance dialogue on regulatory collaboration and drive progress towards increased market connectivity.  

His Excellency Mr Elkuwaiz led a delegation of senior executives and leading Saudi asset managers on their first official visit to Hong Kong. At the bilateral meeting between the CMA and the SFC, senior executives on both sides exchanged views on a wide range of topics including supervisory collaboration and dual listing of investment products such as exchange-traded funds and real estate investment trusts. The two sides also discussed the latest market and regulatory developments of Hong Kong and Saudi Arabian markets.

Led by the SFC’s CEO Ms Julia Leung (ninth from left) and the CMA Chairman His Excellency Mr Mohammed bin Abdullah Elkuwaiz (eighth from right), senior executives of the SFC and the CMA met in a bilateral meeting in Hong Kong.

His Excellency Mr Elkuwaiz said: “Strengthening regulatory ties with key global markets is integral to the CMA's strategy to advance the Saudi capital market's international integration. Our discussions with the SFC reflect a shared recognition of the importance of cross-border collaboration in supporting market development, enhancing regulatory alignment, and enabling global investment flows. We look forward to advancing this dialogue and working towards a framework that fosters long-term collaboration, knowledge exchange, and cross-border market development.”

During the bilateral meeting, Ms Leung emphasised both the SFC and the CMA shared the vision of developing markets through collaboration and diversification, while the two sides have abundant room to deepen ties to unlock further potential for both Hong Kong and Saudi markets. “We look forward to strengthening ties with Saudi Arabian markets to reinforce Hong Kong's role as Asia's premier capital intermediary amid a fast-evolving global market landscape,” she said.

Following the meeting, the regulators co-hosted a Saudi-Hong Kong asset management roundtable to facilitate further dialogue among leading asset managers from both markets.Addressing the participants at the roundtable, the SFC's Chairman Dr Kelvin Wonghighlighted the need to strengthen global regulatory collaboration, especially within Asia. “Cross-market engagement is key to building future-ready financial markets that support sustainable growth,” he said.

About 30 senior representatives from the city's leading industry associations met with their Saudi counterparts to discuss mutually beneficial initiatives such as expanding cross-border investment opportunities and potential partnership (Note 1).

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