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Sovereign wealth fund

Sovereign wealth fund
The latest news, analysis and opinion on Sovereign wealth fund. In-depth analysis, industry insights and expert opinion.
The works are being held by Christie’s and Sotheby’s auction houses in the United States. Photo: Shutterstock
Malaysia 1MDB scandal

Malaysia to get back US$30 million worth of fine art linked to 1MDB scandal

The 12 artworks, including pieces by Picasso and Matisse, were bought by a former lawyer for the state investment fund.

Banking & finance

Editorial | Investment body adds to coffers and clarity on Hong Kong’s long-term future

Banking & finance

Hong Kong’s investment body posts US$300 million income in first year

US-China relations

Trump wants a sovereign wealth fund to compete with China. Big questions remain

Ten months after it was proposed as a key tool to compete with China, there are still few clues about how it can be structured and managed.

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Since President Donald Trump announced the establishment of a US sovereign wealth fund in February, it has fuelled both expectations and controversies. Photo: Getty Images via AFP
Bonds

China’s currency push gains ground as Russia nears issuance of yuan bond

Foreign governments have raised a record 13 billion yuan (US$1.8 billion) via yuan bonds this year, Bloomberg-compiled data shows.

Hong Kong economy

Opinion | In betting on Saudi Arabia, Hong Kong is really betting on itself

Hong Kong’s future may lie not in choosing between East and West, but in linking Asia with the Middle East and beyond.

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Malaysia 1MDB scandal

Fugitive Jho Low’s sister and associate ordered to pay US$2.8 billion to 1MDB

The judge noted that May Lin and associate Eric Tan failed to appear in court, resulting in a massive default judgment in the ongoing 1MDB suit.

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Jho Low, CEO of Jynwel Capitial Limited, is interviewed at his office in Hong Kong in 2015. Photo: SCMP
Singapore

Standard Chartered faces US$2.7 billion 1MDB suit in Singapore

The lawsuit alleges Standard Chartered enabled acts of fraud leading to US$2.7 billion in losses over a decade. The bank plans to appeal.

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Banking & finance

Asia-Pacific investors brace for market correction in 2026: survey

Top concerns include a potential tech bubble, geopolitical tensions and recession, according to Natixis.

Banking & finance

Hong Kong, Saudi Arabia set to launch US$1 billion fund, Paul Chan says

A ‘major Saudi development company’ will host a roadshow in Hong Kong next month to seek strategic partners, financial secretary says.

Financial Secretary Paul Chan speaks at the Defining Hong Kong’s Role in the Changing Global Economy conference in Hong Kong on November 18, 2025. Photo: Handout
Indonesia

Can Danantara’s haj village bid reshape Indonesia’s global presence?

Sovereign fund, led by Pandu Sjahrir, aims to boost economic growth by investing in key sectors like healthcare and renewable energy.

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A sign for Indonesia’s sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia. Photo: Reuters
Temasek Holdings

Singapore’s Temasek invests in WeRide, Pony.ai to boost China tech holdings

Temasek’s latest deals reflect the 51-year-old investment giant’s focus on forward-looking technologies.

Banking & finance

Exclusive | China’s sovereign fund sidelines executives amid worries over US scrutiny

China Investment Corporation has reassigned three department heads and delayed its 2024 report amid US pressure on foreign inflows.

Hong Kong economy

Opinion | How deeper ties with Monaco can help Hong Kong make waves

Collaboration with the principality, a magnet for millionaires, can boost Hong Kong’s blue and yacht economies and attract high-net-worth individuals.

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Yachts are seen docked at the Monte Carlo harbour in Monaco, on May 21. Photo: AFP
Video gaming

Saudi video gaming giant Savvy eyes China’s vast market and talent

The state-owned firm is looking for opportunities beyond mature Western markets, particularly in emerging and Asian markets.

Saudi Prince Faisal bin Bandar bin Sultan Al Saud, vice-chairman of Savvy Games (right), and CEO Brian Ward. Photo: Handout
Hong Kong property

European private equity firm Ardian eyes fresh growth at new Hong Kong office

Ardian’s expansion in Hong Kong reflects robust growth in the city’s private banking and wealth management sectors.

Malaysia 1MDB scandal

Singapore court rejects 1MDB-linked suit against Standard Chartered, BSI

The judge dismissed the liquidators’ suit as the alleged transactions happened before Singapore’s cross-border insolvency law took effect.

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Hong Kong stock market

Hong Kong and UAE forge historic financial ties with ETF cross-listings

Strengthened collaboration reflects growing participation by Middle Eastern funds as cornerstone investors in recent Hong Kong IPOs.

A train runs over a section of Dubai’s Palm Monorail, with a backdrop of the city’s high rise buildings on August 28, 2025. The monorail connects the Palm Jumeirah to the mainland, with a planned further extension to the Red Line of the Dubai Metro. The line, which is the first monorail in the Middle East opened in April 2009. (Photo by FADEL SENNA / AFP)
Malaysia

Malaysian heiress to Top Glove fortune seeks US$200 million for private markets

Rachel Lau’s Iris Capital Partners is transitioning from venture capital to private markets due to the challenges in Asia.

Artificial intelligence

Hong Kong fund, Beijing academy team up to hunt for global AI talent

Hong Kong’s US$8 billion start-up investment fund partners with the Beijing Academy of Artificial Intelligence in a new talent initiative.

Malaysia 1MDB scandal

JPMorgan settles 1MDB scandal claims with Malaysia for US$330 million

The settlement resolves Malaysia’s civil lawsuit, while Swiss prosecutors found the bank negligent in preventing aggravated money laundering.

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A sign outside the headquarters of JPMorgan Chase & Co in New York. Photo: Reuters
China technology

Opinion | For China and the Middle East, a Space Silk Road is written in the stars

Traditionally reliant on the US, Arab countries are turning to Beijing as relations with Washington sour over the Gaza humanitarian crisis.

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A Long March-2C rocket carrying a MisrSat-2 blasts off from the Jiuquan Satellite Launch Centre in northwest China on December 4, 2023, in a joint China-Egyptian effort. Photo: EPA-EFE/Xinhua
Singapore

Singapore’s Temasek mulls three-way split to boost returns

The potential reorganisation of Singapore’s state investor comes amid pressure to outperform global indices.

Banking & finance

Singapore to allocate US$856 million to boost stock market

First phase of US$3.9 billion plan to boost liquidity and participation ropes in three asset managers including JP Morgan.

IPO

Singapore IPO revival hopes rise as NTT’s Reit debut gains

US$773 million data-centre listing is SGX’s biggest listing in eight years.

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An SGX sign is pictured at the Singapore Stock Exchange on July 19, 2017. Photo: Reuters
Artificial intelligence

OpenAI to rent massive amount of computing power from Oracle

Totalling about 4.5 gigawatts, the unprecedented sum of energy could power millions of homes.

Oracle and OpenAI are expanding their Stargate deal. Photo: AP
Asean

Asian Angle | Are migrant workers the real glue cementing Asean-GCC ties?

The surprising truth behind the growing partnership lies in its people-to-people connections, remittances, the haj and financial mobility.

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Indonesia

Can Indonesia truly ‘copy with pride’ Singapore’s success?

Indonesia’s president is keen to replicate the neighbouring city state’s triumphs, but analysts warn that deeper reforms will be needed.

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