Abu Dhabi wealth fund Mubadala sees more opportunities for China growth, investments
- Mubadala Investment Company ‘uniquely positioned’ to invest in both the US and Chinese economies
Investors should not have to choose between China and the US as tensions rise between the world’s two largest economies, according to Khaldoon Khalifa Al Mubarak, group chief executive of Mubadala Investment Company.
The Abu Dhabi sovereign wealth fund is a long-time investor in American companies and has stakes in Chinese technology unicorns SenseTime Group and Didi Chuxing Technology as part of its growing portfolio in Asia.
“Have we been pressured? No,” Al Mubarak said on the sidelines of the Bloomberg Asia Invest conference in Hong Kong. “We are one of the countries that is uniquely positioned because we have very strong ties to both countries, based on ties to both economies and have been actively investing in both. To be honest, we will continue to do that. I don’t see any reason to shift from that approach.
“We continue to believe in the US economy, we continue to believe in the opportunities in the US. We will continue to grow there. And we’re excited about Asia and we’re excited specifically about China.”
Mubadala was created in 2017 by the merger of Abu Dhabi’s International Petroleum Investment Company and Mubadala Development Company.
