Today, the two Saudi ETFs tracking the FTSE Saudi Arabia index that were listed on the market opened high and continued to rise. Both the Saudi ETF (159329.SZ) and the N Saudi ETF (520830.SH) hit the daily limit up in the afternoon. These two Saudi ETFs are among the first domestic funds that can invest in the Saudi Arabian market, mainly using the form of ETF mutual listing to track the FTSE Saudi Arabia index. The prospectus indicates that the target ETFs of the two funds are managed by Southern Dongying Asset Management Co., Ltd., and are listed on the Hong Kong Stock Exchange as the Southern Dongying Saudi Arabia ETF. The investment ratio of the target ETFs is not less than 90% of the net asset value of the fund. The target index of the two funds is the FTSE Saudi Arabia index, compiled and published by FTSE International Limited, representing the performance of large and medium-sized listed companies in the FTSE Global Index with Saudi Arabian nationality, based on market value weighting. Information shows that the heaviest weight in the index components is finance, followed by materials, energy, utilities, etc. In the industry's view, Saudi ETFs not only open a convenient index-based cross-border investment channel for domestic investors, but also help promote financial cooperation between the two regions and facilitate the diversification of global asset allocation. As a key market in the Middle East, its growth potential has attracted the attention of many investors. Data shows that Saudi Arabia is the largest economy in the Middle East, as well as the world's largest oil exporter and the second-largest oil producer and reserves holder. Its resource endowment as the "black gold kingdom" is well known worldwide. In addition, the overall performance of the Saudi stock market has a relatively low correlation with other major global capital markets, occupying an important position in the current global diversified and decentralized asset allocation pattern. Saudi ETFs use mutual listing to closely track the FTSE Saudi Arabia index by investing in mutual-listed target ETFs.