On July 16th, the first day of trading for two Saudi Arabian ETFs on the Shanghai and Shenzhen stock exchanges both hit their daily limit-up, with a total trading volume of nearly 4.9 billion RMB, and turnover rates exceeding 333% and 427% respectively. Following the limit-up on their first day of trading, the premium rates of these two Saudi Arabian ETFs have risen to 6.26% and 6.18%, ranking 5th and 7th among 128 cross-border ETFs in the two markets.

Both of these ETFs track the FTSE Saudi Arabia Index, but they do not directly invest in the Saudi market. Instead, they invest in the Southern Fund’s Dongying Saudi Arabia ETF through the Shanghai, Shenzhen, and Hong Kong mutual recognition program, achieving close tracking of the FTSE Saudi Arabia Index.