{"id":82679,"date":"2023-12-11T00:00:00","date_gmt":"2023-12-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2023\/12\/11\/the-hong-kong-iteration-of-davos-in-the-desert-took-place-over-the-weekend\/"},"modified":"2023-12-11T00:00:00","modified_gmt":"2023-12-11T00:00:00","slug":"the-hong-kong-iteration-of-davos-in-the-desert-took-place-over-the-weekend","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2023\/12\/11\/the-hong-kong-iteration-of-davos-in-the-desert-took-place-over-the-weekend\/","title":{"rendered":"The Hong Kong iteration of \u201cDavos in the Desert\u201d took place over the weekend"},"content":{"rendered":"

World business and finance leaders convened in Hong Kong for the <\/strong>FII Priority summit<\/a><\/strong>over the weekend<\/strong>. <\/strong>Public Investment Fund (PIF) chief Yasir Al Rumayyan, wearing his hat as chairman of the Future Investment Initiative (FII), led a Saudi delegation to Hong Kong in what we see as the latest move in the Kingdom\u2019s drive into Asia<\/strong>.<\/p>\n

The gathering got plenty of attention in the global business press<\/strong>, including from the Financial Times<\/a>, which quotes FII head Richard Attias as saying that both the chair and CEO of the Hong Kong Exchange have \u201cclose friends\u2019 at the FII and have been \u201cextremely active\u201d in visiting Saudi Arabia. <\/p>\n

Talking up ties: <\/strong>Beijing\u2019s relationship with Riyadh \u201cis going to be an amazing connection that has been underdeveloped in the past,\u201d Hong Kong Exchange Chair Laura Cha said at the conference on Thursday. \u201cThe Middle East is rising in terms of geopolitical importance as well as in terms of economic development,\u201d Cha added.<\/p>\n

An Aramco offering in Hong Kong? <\/strong>Chinese officials are reportedly eyeing an offering by oil giant Aramco in Hong Kong in a bid to boost the attractiveness of the market, according to the FT. Their hopes come just days after the first exchange-traded fund tracking the Tadawul started trading in Hong Kong, as we recently reported. <\/p>\n

Expect a lot of traffic in the China-Saudi air corridor in the new year: <\/strong>\u201cWe also see Saudi investors interested in Hong Kong and China equities, but they have limited knowledge of the market. We\u2019re going to try to bring Hong Kong and China to Saudi and the Middle East in the new year.\u201d CSOP<\/a> CEO Ding Chen told Bloomberg TV last month.<\/p>\n","protected":false},"excerpt":{"rendered":"

S4 Capital Chairman Sir Martin Sorrell was among those attending<\/p>\n","protected":false},"author":1,"featured_media":82680,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2724],"tags":[10,2424,2826,154,569],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-enterpriseam-ksa","tag-finance","tag-hong-kong","tag-pif","tag-saudi-china-relations","wpautop","entry"],"acf":{"mongo_id":"1cf6e512-02f8-4d9a-8422-73e99a9fecb5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/677.jpg","photo_position":"above","homepage_title":"","full_issue_title":"The Hong Kong iteration of Davos in the Desert took place over the weekend with finance, business magnets flocking into the FII Priority summit","related_issue":[82666],"teaser":"S4 Capital Chairman Sir Martin Sorrell was among those attending","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.beee3b88-81e4-46b7-90b5-cca5e3606859.mp3"},"yoast_head":"\nThe Hong Kong iteration of \u201cDavos in the Desert\u201d took place over the weekend - 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