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

4 June 2024, 12:00 am

1 min read

New Chairman of Qatar Investment Authority and Central Bank Governor Sheikh Bandar bin Mohammed bin Saud al-Thani speaks during National Fintech Strategy Launch in Doha, Qatar March 7, 2023. REUTERS/Imad Creidi/File Photo

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.