Shenzhen Stock Exchange, Saudi Stock Exchange in early-stage talks about ETF Connect – report

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China and Saudi Arabia’s stock exchanges are in early-stage talks to allow exchange-traded funds (ETFs) to list on each other’s bourses, reported Reuters citing sources familiar with the matter said. 

The Shenzhen Stock Exchange is in negotiations with the Saudi Tadawul Group, operator of the Saudi Stock Exchange, for ETF Connect, as the programme is called, the report said. 

For China, an ‘ETF Connect’ tie-up with Saudi Arabia will be the first such beyond East Asia and affirm a commitment to open up its trillions of dollars worth of financial markets to international investors.