Qatar's sovereign wealth fund, Qatar Investment Authority (QIA), has agreed to acquire a 10% stake in China Asset Management Co. Ltd. (ChinaAMC) from Primavera, one of China's largest mutual fund firms. The deal, which underscores Beijing's strengthening ties with the Middle East amid rising tensions with the West, is subject to approval by Chinese authorities. Chinese brokerage Citic Securities, which owns a significant stake in ChinaAMC, is also involved in the transaction. This move comes as international financial institutions increase their holdings of yuan assets, driven by the rapid recovery of the Chinese economy and growing risks in the US financial market.
Qatar’s sovereign wealth fund has agreed to buy a 10% stake in China’s second-largest mutual fund company, China Asset Management Co. Ltd., Reuters reported. https://t.co/RDd32IqiNp
#Qatar's sovereign wealth fund has reportedly agreed to purchase a 10% stake in China Asset Management Co, as international financial institutions have stepped up holding of yuan assets amid the rapid recovery of #Chinese economy and growing risks in the #US financial market.… https://t.co/z2IbORrCFu
Qatar’s sovereign wealth fund has agreed to buy a 10% stake in China Asset Management Co., one of the nation’s largest mutual fund firms, according to people familiar with the matter https://t.co/47v5peaJyy
Qatar Sovereign Fund’s Purchase of Equity in Mutual Fund ChinaAMC Is Pending Approval, Insider Says https://t.co/nd02Y7BGEe
Qatar Investment Authority agrees to buy 10% stake in China asset manager, says report https://t.co/C7oYFTSVr2
BREAKING NEWS QATAR SOVEREIGN FUND AGREES TO BUY 10% STAKE IN CHINA ASSET MANAGER Middle East and China…
🇨🇳🇶🇦Qatar's sovereign wealth fund has agreed to buy a 10% stake in China's second-largest mutual fund company, two sources said, underscoring Beijing's increasing ties with the Middle East amid rising tensions with the West. Chinese brokerage Citic Securities, which owns roughly…
Exclusive: Qatar sovereign fund agrees to buy 10% stake in China asset manager, sources say https://t.co/v4x43GMzqQ https://t.co/mESFK4HbNp
⚠️ QATAR'S QIA AGREES TO ACQUIRE 10% STAKE IN MUTAL FUND CHINAAMC FROM PRIMAVERA, DEAL SUBJECT TO BEIJING'S APPROVAL, SOURCES SAY
🇧🇭🇨🇳⚡ China and Bahrain reached an agreement that includes establishing a comprehensive strategic partnership relationship and strengthening friendly cooperation between them in all fields. https://t.co/QLYJ7dHcMu