Qatar wealth fund said to be buying 10% stake in Chinese asset manager

Qatar wealth fund said to be buying 10% stake in Chinese asset manager

Skyscrapers of the State of Qatar. Photo by Masarath Alkhaili / Unsplash.com

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter