BEIJING, Nov 9 (Reuters) – Qatar’s sovereign wealth fund Qatar Funding Authority is inspecting alternatives to put money into China’s retail, healthcare, tech and logistics sectors, mentioned Abdulla Al-Kuwari, head of the fund’s unit Qatar Funding Authority Advisory (Asia Pacific).
These alternatives might contain private and non-private corporations, Al-Kuwari mentioned on Thursday in the course of the Caixin Summit in Beijing.
Center East investor actions in China have picked up as nations equivalent to Saudi Arabia intention to chop oil dependence and enhance new industries by partnerships with Chinese language corporations.
Patrons from the Gulf have introduced 13 acquisitions of Chinese language targets to date this 12 months, in comparison with only one throughout the identical interval final 12 months and greater than some other 12 months since a minimum of 1980, in accordance with knowledge compiled by LSEG.
Chinese language funds are additionally looking for new capital sources within the Center East, as headwinds together with diplomatic tensions drive many U.S. buyers overseas. A number of China fairness funds, together with hedge funds and mutual funds, have instructed Reuters they visited the Center East this 12 months to lift cash.
Reporting by Roxanne Liu and Kane Wu; Modifying by Muralikumar Anantharaman and Michael Perry
Our Requirements: The Thomson Reuters Belief Ideas.
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