FII 2024: Hong Kong delegation secures billions of dollars in Saudi funds from dozen deals [Yahoo! Finance]
CATHAY PAC AIRWAYS S/ADR (CPCAY)
NASDAQ:AMEX Investor Relations:
cathaypacific.com/cx/en_us/about-us/investor-relations/financial-briefings.html
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Source: Yahoo! Finance
sealed almost a dozen deals for start-ups and collaboration accords over three days. The highlight of the week was the US$1 billion accord announced on the final day of the 2024 FII summit by the Saudi sovereign wealth fund and the Hong Kong Monetary Authority to support companies based in the Greater Bay Area - including Hong Kong - that plan to expand to the Middle East. Two days earlier, the Saudi incubator agreed to let start-ups at the Hong Kong Science and Technology Park (HKSTP) tap into its US$300 million fund for their expertise in artificial intelligence , food technology and biomedical science . Two exchange-traded funds (ETFs) valued at a combined US$1.8 billion began trading this week on the Tadawul exchange, allowing Middle East investors to tap into Hong Kong's publicly traded companies. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, a
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