Ahmad Al-Sayed, Chief Executive Officer,
Qatar Investment Authority
or years, Qatar has demonstrated significant interest investing in China whether applying for a quota under China’s QFII scheme, being a cornerstone investor in the Agricultural Bank of China’s IPO or opening an office in Beijing. The Qatar Investment Authority (QIA) penned an agreement with state-owned CITIC Group Corporation to form a US$ 10 billion fund for Asia. The 50:50 joint venture investment fund will help the QIA diversify from excess exposure to European portfolio holdings. This deal follows the central banks of China and Qatar signing a major currency swap deal
. In addition, according to the People’s Bank of China, one of China’s 4 major banks, Industrial and Commercial Bank of China has been chosen to clear all yuan trades in Qatar.
View the Institutional Investor Profile of the Qatar Investment Authority
CEO Ahmed Al-Sayed of the QAIA told reporters at an investment conference in Beijing, ” We’ve just done a deal in Europe, and we’ll continue doing deals in Europe.”
He then added, ” But as a global fund, also we need to diversify asset allocations and geographical location but we will continue in Europe, of course.”
The QIA is seeking to invest between US$ 15 billion to US$ 20 billion in Asia over the next 5 years. The QIA is growing its Beijing office, and is looking at investments in real estate, infrastructure and healthcare in China. By partnering with state-backed Chinese investment companies, the QIA will be exposed to greater deal flow.
In August 2012, Qatar Holding, a sovereign wealth enterprise of the QIA, acquired a 22% stake in CITIC Capital Holdings. Qatar is looking for greater exposure in the Chinese alternative space.
Contact the writer or creator of this article or page.
- Friday SWFI News Roundup, May 1, 2015
- COMPETITION: Sovereign Wealth Funds Spice Up Deal Activity in Asia
- Over $40 Billion Direct: Sovereign Wealth Descends on China
- Friday SWFI News Roundup, April 24, 2015
- Friday SWFI News Roundup, April 17, 2015
- SWFI First Read, November 28, 2016
- $10 BILLION: China and UAE Form Joint Investment Fund
- SWFI Trend Report: A Tale of Two Europes
- Friday SWFI News Roundup, November 4, 2016
- Qatar Holding to open office in China – paper
- Qatar Holding Sees Opportunity in European Crisis
- First Xiaomi, Could Snapchat Be Next for Sovereign Wealth Funds?
- Qatar Sovereign Wealth Fund Seeks to Open China Office
- Top 10 Largest Sovereign Wealth Fund Direct Deals for 2014
- Follow the Money – Episode 18
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute