Lower-key QIA back with a bang in China
Qatar Investment Authority’s $10 billion joint-venture fund deal with Citic Group reflects both its new, more strategic approach and its old fondness for making a splash.
It was a big – some might say typical – statement of intent.
The chief executive of Qatar’s sovereign wealth fund announced yesterday a $10 billion investment joint venture with China’s Citic Group. Ahmad Bin Mohamed Al-Sayed also said the institution was expanding its Beijing and New Delhi offices and opening a branch in New York.
Qatar Investment Authority is no stranger to bold moves in China. It raised eyebrows in late 2012 by applying for an unprecedented $5 billion in QFII…
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