China

HNA Group Has Ambitions for an Asset Management Empire

HNA Group is an expanding Chinese conglomerate that has been on an overseas spending spree, armed with roughly US$ 145 billion in assets. HNA Capital, the financial services business of HNA Group, is keen on building a global asset management business. New York-based HNA Capital U.S., a subsidiary of HNA Capital, has agreed to buy […]


Hong Kong and Canada to Join AIIB

The Asian Infrastructure Investment Bank’s (AIIB) board announced on March 23, 2017 that Hong Kong and Canada were part of the 13 applicants approved for membership. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, March 23, 2017

Amazon to Acquire Souq E-commerce giant Amazon has agreed to acquire Dubai-based Souq.com from its shareholders. Rumors say the sales price was roughly US$ 650 million. This transaction enables Amazon to expand retail e-commerce control in the Middle East. Institutional backers of Souq include Standard Chartered Private Equity, Singapore’s GIC Private Limited, Naspers, Baillie Gifford, […]


SWFI First Read, March 22, 2017

Standard Life Investments Hires Former SSgA Executive for Strategic Relationships Role Standard Life Investments, the investment management unit of Standard Life Plc, hired Larry Carlson to be director of strategic relationships. He will be based in Boston and report to Jack Boyce, the firm’s managing director and head of North America distribution. Previously, Carlson worked […]


China and the U.S.: The Next Two Years for Institutional Investors

A lot can happen in two years. Look what just happened in the final five months of 2016. Even the most sophisticated of financial pundits and asset manager CEOs were hard pressed to believe a Trump rally would actually occur in late October 2016 given the momentous news cycle of 2016. Chief investment officers, both […]


GIC Backs Self-Driving Electric Car Manufacturer in China

Tesla Motors and other electric car manufacturers have garnered the attention of sovereign wealth capital. Shanghai-based electric car maker NIO, formerly known as NextEV, raised 600 million RMB (US$ 86 million) in a funding rounding led by Shenzhen-based Tencent Holdings Ltd. and Baidu Inc. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


Sources: CIC Invests in Airbnb

Sky News reported the China Investment Corporation (CIC) had subscribed to Airbnb’s Series F round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI Institutional Investor Forum 2017 – Scottsdale Slider 16

U.S. and China Perspective – Opportunities and Risks < PREVIOUS 17 of 20 NEXT > CONTACT INFORMATION Sponsorship Information Carl Linaburg clinaburg(a)swfinstitute.org General Information events(a)swfinstitute.org Membership Information vberretta(a)swfinstitute.org


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SWFI First Read, March 1, 2017

NeuStar Transaction to go Under CFIUS Purview On February 3, 2017, the acquirors of NeuStar, Inc. (San Francisco-based Golden Gate Capital and GIC Special Investments Pte. Ltd. – part of GIC ) filed a draft notification form with the Committee on Foreign Investment in the United States (CFIUS). CFIUS approval is necessary for the buyout […]


GIC Invests in Chinese Electronics Manufacturer by Betting on Intelligent Driving

Shanghai-based Advanced Leading Technology Co Ltd. (ALT) received capital from a Singaporean sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


China Investment Corp Chairman Resigns

Several Chinese media reports are citing that Ding Xuedong, Chairman and Chief Executive of the China Investment Corporation (CIC), has resigned from his position. Ding was appointed CIC chairman in July 2013. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


China Railway Construction Rolls Forward on $1.85 Billion Kano Project in Nigeria

Northern Nigeria is getting additional help when it comes to transport infrastructure. The State of Kano is the second biggest industrial region in the country with the city of Kano as a key economic and regional hub. Some key industries in Kano include plastics, agricultural products, dairy products, ceramics, textile, tanning and footware. In the […]


Temasek Invests in Chinese On-Demand Bike Company

The ride-sharing app wars aren’t just on automobiles, they are fought on bicycles too. Singapore’s Temasek Holdings participated in a US$ 215 million Series D round in Mobike, a Chinese on-demand bicycle company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 21, 2017

SOURCES: China NSSF Has an Annual Average Investment Yield of 8.4% Since Inception China’s National Council for Social Security Fund (NSSF) has an annual average investment yield of 8.4% in the 16 years since it was founded. This is according to local Chinese news reports from an official of the organization. The news sources report […]


Cityhold Office Partnership Sells Paddington Central Office to CC Land Holdings

Hong Kong-based CC Land Holdings Limited, an investment vehicle owned by Cheung Chung-Kiu, acquired a London office building for £292 million from the Cityhold Office Partnership. The Cityhold Office Partnership is a real estate joint venture between Sweden’s AP1 and AP2. TIAA is also part of the partnership and manages it through its property unit […]


SWFI First Read, February 17, 2017

HNA Group Buys Small Stake in Deutsche Bank China’s HNA Group, a well-known massive conglomerate, purchase a 3.04% stake in Deutsche Bank. The transaction is estimated at £750 million. HNA Group indicated they could increase buying shares in the German bank. GIC Sold Some Shares in CGN Power Co., Ltd Singapore’s GIC Private Limited lowered […]


Follow the Money – Episode 32

This episode was recorded on February 15, 2017. Rachel and I break into chatting about the SoftBank/Fortress Investment Group transaction. Rachel reports on VietJet, while I discuss direct wealth fund deals into mainland China. We dive into emerging market deals in countries such as Brazil and India. I talk about direct deals and the headaches […]


SWFI First Read, February 16, 2017

ADIA and CDPQ Eye Autostrade Investment Autostrade per L’Italia SpA, an Italian toll road operator, has attracted the interest of big asset owners such as the Abu Dhabi Investment Authority (ADIA), Caisse de dépôt et placement du Québec (CDPQ) and Allianz SE. The seller of the 15% stake in Autostrade is Atlantia. Mubadala Investment Company […]


Is Singapore’s GIC Slowly Backing Away from Sinotrans?

Beijing-based Sinotrans Limited is one of the largest logistics firms in China, founded in 2002. The majority shareholder of Sinotrans Limited, which is listed on the Hong Kong Stock Exchange, is Sinotrans & CSC Holdings Co., Ltd (controlling 53.44% as of December 31, 2015). Sinotrans & CSC Holdings Co., Ltd., China’s second biggest shipping company […]


China-Russia Tongjiang Rail Bridge Back on Track

The Amur International Rail Bridge, also known as the China-Russia Tongjiang Rail Bridge, aims to link Russia and China transportation-wise. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]