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
Japan's solutions-focused news platform collaborates with Tokyo's official information service to help disseminate Japan's innovative insights to international audiences
TOKYO, Oct. 31, 2024 /PRNewswire/ -- Pacific Bridge Media and Consulting, Inc. (PBMC, headquartered in Tokyo; CEO, Toshi Maeda) announces starting in October 2024, it will begin distributing articles from Tokyo Updates. This bilingual online web magazine, operated by the Tokyo Metropolitan Government, reports on the unique innovations and attractions of Tokyo in both Japanese and English. PBMC will feature selected articles on its solutions-focused platform, J-Stories.
Tokyo Updates is a media outlet providing in-depth insights into the latest innovations, developments, and initiatives—from lifestyle trends to advanced SDGs—shaping Tokyo as a leading global city. J-Stories will curate articles from Tokyo Updates that highlight problem-solving and showcase innovative solutions emerging from Tokyo.
Comment from Toshi Maeda, executive editor of J-Stories and CEO of PBMC:
"There are many outstanding innovations from Japan that have the potential to address global issues. However, what may be still lacking seems to be disseminating such information overseas and informing non-Japanese speaking audiences of such innovations and potential solutions that are available.
We believe it is our mission to bridge this cross-border information gap. As globalization progresses, supporting Japanese companies, organizations, and startup communities in their outreach to international audiences will become increasingly important.
We are pleased to announce that J-Stories will publish articles from Tokyo Updates. By utilizing our existing global content distribution network and startup support activities, we aim to strengthen our presence as a media outlet open to both corporate society and local communities, ultimately contributing to the resolution of not only local but also global challenges."
About J-Stories
J-Stories is a solutions-focused media platform dedicated to introducing Japan-origin innovations that address global challenges such as environmental issues and food shortages. Since its launch in April 2022, J-Stories has published over 500 articles and has been widely disseminating innovations and ideas from Japanese startups, NGOs, and university research institutions through articles and videos.
J-Stories Website:
(English) https://jstories.media
(Japanese) https://jstories.media/jp
Pacific Bridge Media and Consulting, Inc. (PBMC)
Founded in 2010 by experienced international journalist Toshi Maeda with the mission to "connect the world with trusted content and realize a rich and equitable human society," PBMC specializes in creating diverse multilingual content that combines video, language, and technology. The company provides comprehensive services for enterprises looking to share information globally, including planning and producing articles, visual content such as videos and photos, CGI, website creation, and multilingual live event broadcasting. PBMC has a strong track record working with a wide range of clients—from major domestic and international corporations and media to startups and government agencies—establishing itself as a highly regarded international multimedia content provider.
Company Overview
Pacific Bridge Media and Consulting, Inc.
CONTACT:
PACIFIC BRIDGE MEDIA AND CONSULTING
Editorial department：Toshi Maeda (Executive Editor)・Takanori Isshiki (Deputy Executive Editor)・Anita De Michele (Editorial Coordinator)
email：info@pacificbridge.jp
phone：+81- 50-5527-0955
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
J-Stories to start featuring articles from Tokyo Updates, a web magazine highlighting Tokyo's latest developments, to share the city's unique innovative projects and ideas with a global audience.
