European tour opens up opportunities for Shanxi's businesses

BEIJING, Oct. 28, 2024 /PRNewswire/ -- A report from China Daily

Shanxi province recently showcased its investment and trade opportunities to the European business community with promotional events held in the United Kingdom and Spain.

The events, running from Oct 7-15, were part of a large promotional campaign called Shanxi Brands on the Silk Road, a move aiming to enhance trade and investment cooperation between Shanxi and the countries and regions involved in the Belt and Road Initiative.

The events in the UK and Spain included exhibitions of products made in Shanxi, promotions of Shanxi's business opportunities and investment matchmaking activities. Shanxi's trade officials and business representatives also held talks with their counterparts in Britain and Spain, trying to tap into trade and investment opportunities.

On Oct 9, 29 companies from Shanxi, mostly manufacturers of activated carbon, filtering devices, pipes, valves and pumps, attended the Air Quality and Emissions and Water, Wastewater and Environmental Monitoring  — which are known as AQE and WWEM — expos held at the National Exhibition Centre in Birmingham. 

On Oct 10, the Shanxi delegation arrived in London, holding a trade and investment promotion event to boost multisector cooperation between Shanxi and the United Kingdom.

The event included activities to publicize Shanxi's business environment, industrial policies and investment opportunities, and exhibit Shanxi's industries and products, as well as matchmaking meetings between Shanxi's and Britain's enterprises. 

The delegation also paid a visit to the London-based China-Britain Business Council, the UK's national business network promoting trade and investment with China. The two sides held talks and agreed to enhance exchanges and cooperation and help enterprises to develop in each other's markets.

On Oct 13, the Shanxi delegation held a trade and investment promotion event in Spain's coastal city of Barcelona, aiming to help Shanxi's businesses find opportunities to cooperate with their Spanish counterparts.

The delegation also held a meeting with the Spanish Confederation of Small and Medium Enterprises, aiming to enhance the exchanges and cooperation between SMEs from both sides.

Following the conclusion of the promotional events in the UK and Spain, many corporate delegates from Shanxi said the trips were a rare opportunity for business expansion in the two countries and across Europe as well.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

European tour opens up opportunities for Shanxi's businesses

HONG KONG, Oct. 31, 2024 /PRNewswire/ -- Hang Seng Investment Management Limited ('Hang Seng Investment'), Hong Kong's largest exchange-traded fund ('ETF') manager, is pleased to celebrate the launch of SAB Invest Hang Seng Hong Kong ETF by its partner SAB Invest, a subsidiary of The Saudi Awwal Bank in Saudi Arabia. This new feeder ETF, which fully invests into the Tracker Fund of Hong Kong ('TraHK' – Stock Code: 2800.HK), made its trading debut on the Saudi Exchange (Tadawul) today (31 October 2024).

Addressing attendees at the listing ceremony, the Honorable Paul Chan Mo-Po, Financial Secretary of the Government of the Hong Kong Special Administrative Region ('HKSAR') congratulated SAB Invest, Hang Seng Investment and the Saudi Exchange (Tadawul) for this successful listing, and said, "Today's ETF invests into the Tracker Fund of Hong Kong, which tracks more than 80 of the largest, most liquid, stocks on the Hong Kong Stock Exchange. It creates another channel for Saudi investors to participate in Hong Kong's equity market on a diversified basis covering such key sectors as finance, technology and property – in Hong Kong, and Mainland China."

Speaking at the event, Rosita Lee, Director and Chief Executive Officer of Hang Seng Investment Management Limited, said: "As the manager of TraHK, Hang Seng Investment is delighted that TraHK has been selected as the underlying investment for the new feeder ETF outside of Hong Kong, highlighting its appeal to international markets. Our collaboration with SAB Invest demonstrates our shared vision of fostering a greater diversity in the investment market in Saudi Arabia and will play a pivotal role in strengthening capital flows between Hong Kong and the Middle East, particularly by leveraging Hong Kong's position as a super connector between mainland China and the rest of the world."

Launched in 1999, TraHK is the largest ETF in Hong Kong in terms of assets under management (AUM) and turnover, with AUM of HKD 166 billion as of the end of September 2024. The SAB Invest Hang Seng Hong Kong ETF offers Middle Eastern investors a new opportunity to access Hong Kong's dynamic capital markets.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Hang Seng Investment Celebrates the Debut of SAB Invest Hang Seng Hong Kong ETF on Saudi Exchange