The Saudi public fund would join existing owners including Qatar, which holds 20 per cent, and smaller investors including Singapore’s GIC sovereign wealth fund, which has an 11.2 per cent stake.
CICC and China Galaxy Securities, controlled by Central Huijin Investment, issue statements to the Hong Kong stock exchange denying the merger rumours.
Revised rules empower President Ferdinand Marcos Jnr to accept or reject nominees for top officials of the firm managing the Maharlika Investment Fund.
Filipinos have been warned against investing in schemes claiming to be linked to Philippine President Ferdinand Marcos Jnr’s proposed state fund.
Leaders from the world of finance and business convened in Riyadh issued a warning on Tuesday about the many perils the world currently faces, including geopolitical conflicts, economic uncertainties, high inflation and climate issues.
Central Huijin Investment bought ETFs in yet another bid to bolster the ailing equity market. This follows an investment of US$65.4 million to increase its stake in China’s big four banks two weeks ago.
The factors cited for suspension of the US8.81 billion fund were the same reasons critics cited when they opposed it – that it had no “transparency and accountability” safeguards.
StartmeupHK, which will mark its first full return to physical events since the Covid-19 pandemic, is seen as a bellwether for sentiment in the Hong Kong tech industry.
It is unclear how long the former Goldman Sachs banker will be in the country of his birth. Ng has been sentenced to serve a 10-year term in the US for his role in the 1MDB scandal.
Hermitage Capital is in talks with wealth funds and investment authorities to set up a Middle East private equity fund, senior executive says.
Norges Bank Investment Management, the manager overseeing Norway’s US$1.42 trillion oil fund, is closing its representative office in Shanghai and is making its Singapore office its regional hub in Asia.
Mubadala is the second-biggest state fund in Abu Dhabi, the capital of the United Arab Emirates, after Abu Dhabi Investment Authority.
Under the prohibition, Ng is permanently banned from performing any regulated activity under the Securities and Futures Act (SFA), according to the Monetary Authority of Singapore.
The former chief investment officer of sovereign wealth fund GIC explains why he thinks has an edge over front runner Tharman Shanmugaratnam in an exclusive interview with the Post.
Malaysia’s prime minister said in an interview that he was ‘not discounting the possibility’ of a fresh lawsuit against the Wall Street firm for its role in the multibillion-dollar scandal.
Forum speakers include guests from China and overseas, in government, finance and industrial enterprises to discuss opportunities for cross-border investment and industrial cooperation in the post-Covid
The country’s first-ever sovereign wealth fund has been touted as a way to accelerate growth, after earlier sparking transparency concerns over how it would be managed and financed.
Carlyle Group and Trustar Capital plan to raise US$4 billion from investors like Singapore’s GIC who may buy part of their stakes in McDonald’s operations in Hong Kong and mainland China.
As Chinese assets lost their post-pandemic oomph, top bosses from HSBC and Blackstone to Singapore’s GIC headed for Beijing to meet their counterparts at China’s US$1.4 trillion sovereign wealth fund.
Saudi Arabia’s US$700 billion sovereign wealth fund owns stakes in major Chinese and Asian e-commerce platform operators through its public equity portfolio, according to stock exchange filings.
The central banks of Hong Kong and the United Arab Emirates (UAE) are working together to set up financial infrastructure and policies in five major areas to promote cross-border payments and investments between the two markets.
Supporters of the US$8.9 billion Maharlika Investment Fund say it will attract the foreign investors needed to pump-prime one of Asia’s fastest-growing economies.
Activists, opposition figures question the need for a sovereign wealth fund in the poverty-plagued country, raising concerns over potential corruption.
Malaysia’s Anti Corruption Commission said in a statement that it had confirmed the fugitive Malaysian financier’s whereabouts with several eyewitnesses, including another 1MDB suspect.
The US experiences resistance from many quarters on ESG-driven investment while investors in China are unanimous in their push.
The meeting, the first outside mainland China since the wealth fund’s advisory council was created 14 years ago, has received the blessing from the Hong Kong and Macau Affairs Office, sources say.
Ng was earlier convicted of helping loot billions of dollars from Malaysia’s sovereign wealth fund, in a scandal that rocked the country’s politics.
The ex-Goldman Sachs banker is pleading for leniency and no additional jail time when he’s sentenced in the US next week for his role in the looting of the Malaysian sovereign wealth fund.