Qatar sovereign fund agrees to buy 10% stake in China asset manager


Business & FinanceDeals

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

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