Hong Kong has launched Asia’s first ETF tracking Saudi sovereign sukuk, the Premia BOCHK Saudi Arabia Government Sukuk ETF, listed on the Hong Kong Stock Exchange. This initiative, approved by the Securities and Futures Commission, aims to enhance financial cooperation between East Asia and the Middle East, coinciding with the Capital Markets Forum focused on boosting cross-border investment.The ETF, managed by Premia Partners, includes riyal- and US dollar-denominated sukuk and offers quarterly distributions with a fee cap of 0.35%. The launch reflects Saudi Arabia's commitment to elevating its capital markets globally, aligning with its Vision 2030 strategy to attract foreign investment.