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

Hong Kong Financial Secretary Paul Chan Mo-po stated that the Hong Kong Monetary Authority and Saudi Public Investment Fund are set 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 assist in the development of Saudi Arabia's non-oil sectors. A large development company from Saudi Arabia will hold a roadshow in Hong Kong next month to seek strategic partners and professional service providers to support infrastructure construction.