PANews reported on November 3rd that according to the official website of the Hong Kong Financial Secretary, Hong Kong Financial Secretary Paul Chan Mo-po released a diary of the Secretary, pointing out that the visit to Riyadh, Saudi Arabia, led by his delegation last week was fruitful. The Hong Kong Monetary Authority and the Saudi Arabian Public Investment Fund (PIF) signed a memorandum to jointly establish a US$1 billion investment fund, which will invest in the business of Hong Kong and Guangdong-Hong Kong-Macao Greater Bay Area companies in the fields of manufacturing, renewable energy, financial technology and healthcare in Saudi Arabia. In addition, a financial technology company from Hong Kong Cyberport signed a business agreement with a local partner.