Chen Maobo: The Hong Kong Monetary Authority and the Saudi Public Investment Fund will establish a $1 billion fund.

According to the Wise Finance and Economics APP, Hong Kong Financial Secretary Paul Chan Mo-po stated that the Hong Kong Monetary Authority and the Saudi Public Investment Fund are planning to launch a $1 billion fund to support Hong Kong and Greater Bay Area companies in expanding into the Saudi Arabian market. The fund will help in the development of Saudi Arabia's non-oil economy sector. A large Saudi development company will hold a roadshow in Hong Kong next month to seek strategic partners and professional service providers to support infrastructure construction.