On July 17, according to the official website of the China Securities Regulatory Commission, Huatai Bairui Fund reported the launch of the Huatai Bairui Nanfang Dongying Saudi Arabia Exchange-Traded Open-End Index Securities Investment Fund initiation type feeder fund, and Nanfang Fund reported the Nanfang Fund Nanfang Dongying Saudi Arabia Exchange-Traded Open-End Index Securities Investment Fund feeder fund (QDII). Currently, the materials for both products have been accepted by the regulator. It is worth noting that the recently listed Saudi ETFs in the domestic market have attracted a lot of attention from investors. On July 16, the Nanfang Dongying Saudi ETF under Huatai Bairui Fund and the Nanfang Dongying Saudi ETF under Nanfang Fund were listed on the Shanghai and Shenzhen stock exchanges, tracking the FTSE Saudi Arabia Index. By the end of the day, both Saudi ETFs hit the limit up, with turnover rates as high as 333.72% and 427.67% respectively. On July 17, the two Saudi ETF funds saw another significant increase in the morning session, with the Nanfang Saudi ETF limit up in bidding and the Huatai Bairui Saudi ETF opening over 8% higher. It is understood that the FTSE Saudi Arabia Index tracked by the two Saudi ETFs covers multiple pillars of the Saudi national economy such as finance, materials, energy, utilities, and telecom services. The index includes influential giants in Saudi Arabia and globally, making it representative of the Saudi version of the "SSE 300". As financial and resource companies account for a high proportion of the constituent stocks, the index has a high dividend yield, with an average dividend yield of 3.59% for the top ten weighted stocks, demonstrating certain dividend attributes. Some analysts point out that as one of the fastest-growing economies globally, Saudi Arabia's economic structure continues to optimize, and its population dividend is constantly being released. In recent years, the attractiveness of the Saudi capital market to global investors has gradually increased.