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沙特证券交易所高管表示，中沙资本市场合作将聚焦于双边投资、交易所交易基金（ETF）和交叉上市 - 2026年09月08日
China-Saudi capital market tie-up to focus on bilateral investment, etfs, and cross-listing, tadawul exec says
The capital market cooperation between China and Saudi Arabia has continued to advance and has achieved multiple results since the Shanghai Stock Exchange and Saudi Tadawul Group signed a memorandum of understanding in 2023, according to the chief sales and marketing officer of the parent company of the Saudi Exchange.
Governments, regulators, and market participants from China and Saudi Arabia have already carried out substantial work, but they must deepen cooperation and continue dialogue to open new investment channels and promote cross-listing opportunities, Nayef Al Athel told Yicai at the Capital Market Forum Select Shanghai 2026 on Sept. 3.
“We are partners, and we are here to understand what the Chinese corporate wants, what the Chinese investor wants, what the Chinese society wants,” Al Athel explained. Meanwhile, China is trying to understand the needs of Saudi investors, so if the dialogue between the two parties continues, greater bilateral investment opportunities will emerge.
“Dialogue is a very underestimated tool,” Al Athel said, adding that the more China and Saudi Arabia communicate, the deeper their understanding will become, helping both sides achieve their development goals.
Cooperation with the SSE was one of the main reasons behind Saudi Arabia’s introduction of Saudi Depositary Receipts regulations, which provided Chinese companies with a new channel to list in Saudi Arabia, according to Al Athel.
After implementing the SDR regulations, more Chinese firms are seriously considering Saudi Arabia as an overseas financing platform, Al Athel noted. He expects discussions on cross-listings to make substantial progress within the next six to 12 months.
The partnership between the SSE and the Saudi Exchange has also supported the development of exchange-traded funds. China-related ETF products have already been introduced, and Saudi Tadawul hopes to see more ETFs linked to Chinese assets listed in Saudi Arabia in the future.
The Saudi capital market’s opening-up drew lessons from China’s experience with the qualified foreign investor scheme, according to Al Athel. “We have come up with our own QFI program, and we've looked at different examples, including the one that has been implemented in China, and we've learned a lot.”
Over the past decade, Saudi Arabia has used these experiences to attract more than 4,500 global institutional investors, bringing hundreds of billions of US dollars into the Saudi capital market.
Looking ahead over the next three to five years, cooperation between China and Saudi Arabia could focus on enabling Chinese and Saudi investors to access each other’s markets more easily, launching more two-way investment products, and advancing cross-listing opportunities, Al Athel noted.
Around 150 Saudi representatives attended the CMF Select Shanghai, accounting for nearly one-third of all participants. Around 140 of them were visiting China for the first time. The delegation members were fascinated by the professionalism and sophistication of Chinese investors and financial institutions, Al Athel said.
Shanghai is one of the world's most vibrant capital market hubs, with a long history and notable achievements, he added. The CMF Select Shanghai is only the beginning of Saudi Tadawul’s activities in China, so returning to Shanghai in the future would be a natural choice.
Source: Yicai Global
