Economic Watch: ETFs tracking Saudi stocks debut in Chinese mainland as financial opening-up deepens

BEIJING, July 17 (Xinhua) -- Two exchange-traded funds (ETFs) tracking Saudi Arabian shares extended their gains on Wednesday after launch on the Chinese mainland bourses just one day earlier, highlighting the wider opening-up of China's capital market.

The ETFs, managed by Huatai-PineBridge Investments and Southern Asset Management, respectively, offer Chinese investors an option to broaden their investment por