TOPIC

Sovereign wealth fund

A view of Riyadh, Saudi Arabia. Photo: Shutterstock

Hong Kong start-ups find warm welcome, big opportunities in Saudi Arabia

Executives in a recent delegation praise Saudi Arabia’s pace of modernisation and eagerness to do business.

With ChatGPT and hashtags, Malaysians show unease with Fashion Valet losses

US$10 million fashion fail prompts Anwar to probe Malaysia sovereign fund picks

videocam

FII 2024: Hong Kong, Saudi Arabia to anchor US$1 billion investment fund

In addition, Hong Kong and Saudi market regulators announce a partnership to spur cross-border listings and training.

The deputy CEO of the Hong Kong Monetary Authority Darryl Chan (front left) and the head of the local real estate investments division of Saudi Arabia’s Public Investment Fund Aiman Almudaifer (front right), sign an agreement for a new investment fund in the presence of the Paul Chan, Hong Kong’s financial secretary (back left), and the governor of the PIF, H.E. Yasir Alrumayyan (back right). Photo: Handout

Can the Philippines’ Maharlika fund bridge the gap between Manila and Beijing?

The fund’s CEO, Rafael Consing Jnr, believes the Philippines should leverage opportunities from China, despite maritime disputes.

videocam
5

HKIC makes strategic investments in biotech, clean energy and health

The three start-ups have opened offices in Hong Kong to leverage the city’s talent and research prowess.

Advertisement
Advertisement

UAE, Saudi officials call for Hong Kong businesses to list, expand in Middle East

Hong Kong tycoon Victor Fung also says region can be a ‘launching pad’ for local businesses at forum attended by Middle Eastern leaders.

The Hong Kong Ambassadors Club has organised seven business delegations to the Middle East, visiting places such as Dubai (pictured) and Abu Dhabi in the UAE. Photo: EPA-EFE

Kim Kardashian, Pharrell got US$2.4 million of 1MDB funds via Jho Low: court

A Malaysian court heard that US$2.4 million from 1MDB was transferred to Kim Kardashian and Pharrell Williams via Jho Low’s shell company.

videocam

Swiss court jails 1MDB fraudsters over US$1.8 billion theft from Malaysian fund

The court emphasised the severity of the crimes, citing the high amounts of money involved and the defendants’ selfish motives.

Swiss court convicts PetroSaudi executives over US$1.8 billion 1MDB scandal

The verdict marks the latest development in the complex international corruption scandal.

videocam
The Swiss Federal Criminal Court in Bellinzona. Photo: AFP

Saudi Arabia wealth fund signs US$50 billion deals with 6 Chinese institutions

Agreements with top financial institutions including BOC, CCB and ICBC aim to promote two-way capital flows through both debt and equity, Public Investment Fund says.

PIF has signed six memorandums of understanding (MoUs) worth up to $50 billion with leading Chinese financial institutions. Photo: PIF

Sovereign investors look to emerging markets as geopolitical tensions rise: study

Geopolitical tensions have surpassed inflation as the primary concern for sovereign investors, prompting them to invest more in emerging markets and gold, according to the survey by Invesco.

videocam

Singapore’s US$288 billion Temasek stays bullish on China with eye on US, India

The city state’s sovereign wealth fund says its main priority is building a ‘resilient portfolio’ that can withstand market ‘dislocations’.

‘Don’t have much saved’: Malaysians dip into retirement funds in their millions

Faced with rising costs and low wages, cash-strapped Malaysians jumped at the chance to drain billions from the mandatory savings fund.

Malaysian ringgit banknotes. Nearly 3 million people collectively withdrew about 7 billion ringgit from Malaysia’s Employees’ Provident Fund last month. Photo: Shutterstock

Exclusive | CIC to tap China-Middle East investment opportunities via Partners Group

The Swiss private equity firm is working with China Investment Corp and other sovereign funds as investment flows grow between China and the Middle East.

A runner pauses for a selfie in the Dubai Marina district of Dubai, United Arab Emirates, on February 19, 2024. Photo: Bloomberg

Jho Low, US reach confidential deal to try to ‘forever’ resolve 1MDB-linked case

The confidential agreement, which has yet to be publicly disclosed, is tied to the announcement on Wednesday by the DOJ that it is to recover an additional US$100 million in resolving two civil forfeiture cases.

videocam

Explainer | What is the HKIC and why is it important for Hong Kong’s economic development?

The HKIC will use its initial corpus of HK$62 billion (US$8 billion) to support innovative start-ups, enhance economic growth and generate returns for the government.

Advertisement
Advertisement

Jho Low to forfeit Warhol, Monet art in US$100 million 1MDB settlement with US

The fugitive financier will also give up a luxury Paris flat and real estate and bank accounts in Hong Kong, Singapore and Switzerland.

videocam
The US Department of Justice announced on Wednesday that it has reached an agreement with Malaysian financier Jho Low to recover more than US$100 million in connection with the 1MDB scandal. Photo: Sam Tsang

Opinion | Why Hong Kong needs to embrace failure to succeed

A spirit of adventure – from small businesses to the government wealth fund – is crucial as Hong Kong faces rapid changes and challenges.

videocam

How Clara Chan, ‘goddess’ and ‘little chilli’ in Cathay bailout, became HKIC CEO

Clara Chan’s role in the Cathay rescue earned her the nickname ‘goddess’ from some airline executives, while others called her ‘little chilli’ for being a tough negotiator.

Hong Kong’s wealth fund to debut in June with tech, biotech, energy deals

Government-owned HKIC will invest in hard and core technology, biotechnology, and new energy and green technologies as authorities seek to strengthen innovation and technology to provide sustainable economic development in the city.

Smartmore at “InnoEX” at the Hong Kong Convention and Exhibition Center in April, 2024. Photo: Weibo

Elon Musk’s US$56 billion Tesla pay package opposed by Norway’s state fund

Norway’s US$1.7 trillion sovereign wealth fund says it is concerned about the total size of Musk’s pay package and seeks to discuss with Tesla on the issue.

videocam
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at a conference in Beverly Hills, California in May. Photo” TNS

Singapore’s sovereign wealth fund trims stake in China’s biggest lender ICBC

Temasek Holdings, Singapore’s sovereign wealth fund, cut its stake in the Industrial and Commercial Bank of China (ICBC) twice in one day last week, reducing its share of the lender to less than 5 per cent.

Lenovo issues US$2 billion convertible bonds to Saudi Arabia sovereign fund

Lenovo’s convertible bond sale follows similar offerings by e-commerce giants Alibaba and JD.com as issuers seek to lower funding costs in a high rate environment by capitalising on a red-hot stock market.

China’s sovereign fund launches US$1 billion Middle East fund with Investcorp

The Golden Horizon Fund, which will target companies across the Gulf Cooperation Council countries and China, marks the first time that CIC has invested in the Middle East.

A view of the World Trade Center and other buildings in Manama, Bahrain, where Investcorp Holdings is based. Photo: Shutterstock

Saudi delegation visits mainland cities, Hong Kong to tout megalopolis Neom

Seven-day tour includes closed-door forums in Beijing, Shanghai, Hong Kong, and Shenzhen to seek potential partners for the ambitious urban-development project.

A handout illustration provided in 2022 shows the design plan for the 500-metre tall The Line, in the planned Red Sea megacity Neom. Illustration: Neom via AFP

Opinion | China’s relations with the Middle East: gold mine or minefield ahead?

While Sino-Arab economic ties have deepened, China is nowhere near replacing the US in the region. Beijing is trying to balance its dependence on Middle East oil with increased arms sales to the region, a development that may prove significant.

videocam
5

Swiss fraud trial of PetroSaudi execs linked to Malaysia’s 1MDB scandal begins

The defendants, from PetroSaudi, are accused of having created a scheme in 2009 under which 1MDB, would set up a joint venture based on false premises.

videocam
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Sovereign wealth fund
The latest news, analysis and opinion on Sovereign wealth fund. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement