Saudi state-owned oil giant Saudi Aramco is expected to be listed in Saudi Arabia in the second half of this year, but it may be listed on the international market afterwards. If Saudi Aramco's overseas listing is temporarily suspended because of the U.S. and European markets, it will provide an opportunity for Hong Kong, China to compete for its listing in Hong Kong. As the prospects of listing in New York and London become bleak, Hong Kong may become a strong competitor to Saudi Aramco's listing. This has important strategic significance for Hong Kong and for China as a whole.