- China officially approves QIA’s acquisition of a 10% stake in ChinaAMC
- Deal value estimated at no less than $490 million
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The move strengthens China-Gulf ties amid rising tensions with the West
China has officially approved a landmark investment by the Qatar Investment Authority (QIA), granting the sovereign wealth fund a 10% stake in ChinaAMC, the country’s second-largest asset management company. This marks the first major Middle Eastern investment in China’s asset management sector during a time of growing geopolitical and financial tension with the West.
According to a document issued by the China Securities Regulatory Commission (CSRC) on Thursday, QIA is now formally recognized as a shareholder in China Asset Management Co. (ChinaAMC). While the transaction value has not been officially disclosed, earlier filings from ChinaAMC’s largest shareholder indicated that the 10% stake would be worth no less than $490 million.
With this acquisition, QIA becomes the third-largest shareholder in ChinaAMC, a company that manages over ¥1.8 trillion ($250 billion USD) in assets and provides a wide range of mutual funds and ETFs to retail and institutional investors.
The transaction comes amid deepening ties between China and the Gulf region, as both sides ramp up economic and political collaboration. The investment reflects Qatar’s ongoing strategy to diversify its global portfolio and China’s increasing openness to capital inflows from strategic global partners.
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