Financial Secretary Paul Chan on Wednesday spent a second day in Riyadh promoting business opportunities for Hong Kong in Saudi Arabia.

The financial chief is leading a delegation of more than 110 people on a three-day trip to the Saudi capital.

Following the morning listing ceremony for the first exchange-traded fund in Saudi Arabia that invests in Hong Kong stocks on the Saudi Exchange, Chan met with Chinese Ambassador to Saudi Arabia, Chang Hua, at noon.

Chan updated the ambassador on Hong Kong's economy while the pair talked about cooperation between China and Saudi Arabia.

The financial secretary then co-hosted a roundtable with the chairman of the Saudi Capital Market Authority, Mohammed bin Abdullah Elkuwaiz, in which representatives from regulatory bodies and various asset management firms gathered to discuss recent developments in financial markets.

Chan later met with the Governor of the Saudi Central Bank, Ayman Alsayari, and pair discussed strengthening ties in investment and financial markets between Hong Kong, Saudi Arabia and the Middle East, along with cooperation in digital finance.

In the evening, the Hong Kong Science and Technology Parks held an event featuring over 20 startups in fields like green tech and AI, hoping to connect with investors and business partners.

Chan will wrap up his visit today and is expected to arrive back in Hong Kong at around noon on Friday.