Business & FinanceDeals
04 June 2024, 2:49 pm 1 minute
Reuters exclusively reported that Qatar’s sovereign wealth fund has agreed to buy a 10% stake in China’s second-largest mutual fund company, underscoring Beijing’s increasing ties with the Middle East amid rising tensions with the West.
Market Impact
Middle East sovereign wealth funds have invested $7 billion in China since June last year, five times the amount seen during the previous 12 months, according to industry data provider Global SWF.
Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Regions: AsiaMiddle East
Countries: Qatar
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story