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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.
HKIC CEO Clara Chan delivers a speech at the Hong Kong Convention and Exhibition Centre in February last year. Photo: Elson Li
Hong Kong economy

Hong Kong investment chief joins global board in first for Chinese sovereign funds

FCLTGlobal announces that Clara Chan Ka-chai, CEO of the Hong Kong Investment Corporation, has become one of the 19 directors on its board.

Malaysia

Malaysia court orders ex-PM Najib to pay US$1.3 billion to 1MDB unit

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Mergers & Acquisitions

Investment firms remain upbeat on deals despite geopolitical tensions, bankers say

Hong Kong stock market

The big cornerstone comeback: what’s driving investors back to Hong Kong IPOs?

After four subdued years, the cornerstone investors that anchor Hong Kong’s IPO market are returning in force, reshaping the deal landscape.

Illustration: Lau Ka-kuen
Banking & finance

Opinion | Why Asia’s sovereign wealth funds are rethinking US Treasuries

Asian funds are no longer treating US Treasuries as the default destination for their surplus capital, but as one option among many.

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China-Africa relations

As China seeks to globalise the yuan, it finds a new vehicle in Africa

Africa Finance Corporation executive says entering Chinese capital markets is a ‘natural evolution’.

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China Conference: Southeast Asia

Indonesia eyes China partners to build ‘better than the EU standard’

Sovereign wealth fund Danantara targets waste-to-energy, smart grids, and data centres, leveraging a global tech leader for green and infrastructure growth.

A technician checks and cleans solar panels at a bus station in Depok, Indonesia. The Southeast Asian country has set its sights on cooperating with China to lower emissions and fix environmental problems while strengthening infrastructure, energy and technology developments. Photo: EPA-EFE
China Conference: Southeast Asia

Profits, not politics: Danantara Indonesia chief vows to keep fund professional

Chief Investment Officer Pandu Sjahrir is committed to operating the fund with transparency – even if he has to say no to the government.

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Indonesia

Indonesian finance minister pushes back after Moody’s rating cut

Moody’s has downgraded Indonesia’s credit rating outlook to negative from stable, citing reduced predictability in policymaking.

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Hong Kong stock market

Chinese energy drink maker Eastroc’s shares debut flat in Hong Kong

Eastroc, which raised US$1.3 billion in city’s biggest IPO so far this year, draws strong retail demand amid heightened regulatory scrutiny.

Eastroc’s IPO attracted 16 cornerstone investors, who subscribed to about 49 per cent of the offer. Photo: Handout
Saudi Arabia

Saudi Arabia set to redraw economic road map as megaprojects scale down

A plunge in construction deals and the postponement of the 2029 Asian Winter Games have cast doubts on Riyadh’s Vision 2030.

An artist’s impression for The Line, 500-metre tall parallel structures in the heart of the Red Sea megacity Neom. Photo: Neom/AFP
China's economic recovery

China seeks ‘slow bull’ rally

Chinese policymakers intervene in stock markets to ease downturns and cool booms in a bid to stabilise the finance sector and prevent bubbles.

Indonesia

Bank Indonesia independence questioned as Prabowo nominates nephew to board

Thomas Djiwandono’s nomination comes amid fears that monetary policy autonomy may fall victim to the president’s ambitious economic targets.

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Malaysia

Malaysia’s Umno chief denies he ‘sidelined’ Najib to save himself

Ahmad Zahid, who has been cleared of corruption charges, says the party has ‘never wavered’ from its position of supporting its ex-leader.

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Umno President Ahmad Zahid Hamidi reacts after being acquitted of corruption on September 4, 2023. Photo: EPA-EFE
Banking & finance

Growth in sovereign investors’ China exposure slows amid political tensions

Inflows fall 58 per cent as sovereign wealth funds grow cautious, yet outlook signals selective opportunities ahead, experts say.

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Sovereign investment activity has become increasingly politicised, forcing some Western state-owned investors to avoid major deals in China, according to a data platform. Photo: EPA
Najib Razak

Video | Disgraced ex-Malaysian PM Najib guilty in final 1MDB case

The disgraced former prime minister was found guilty in the final criminal trial stemming from the corrupt 1MDB fund.

Malaysia

With 1MDB verdict due, will Malaysia’s Najib have to ‘prepare for the worst’?

The High Court will rule on abuse of power and money laundering charges, with Najib facing the prospect of lengthy prison terms if found guilty.

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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.

The works are being held by Christie’s and Sotheby’s auction houses in the United States. Photo: Shutterstock
Banking & finance

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

The Hong Kong Investment Corporation has made good progress on fulfilling a mandate that goes beyond just generating financial returns.

Banking & finance

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

Every dollar invested by the HKIC has attracted more than six in long-term market capital, Financial Secretary Paul Chan says.

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.

A photo taken on November 10, 2025, shows a view of the Kremlin in Moscow. Photo: Xinhua
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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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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The Standard Chartered logo on tower one of the Marina Bay Financial Centre in Singapore. Photo: Harvey Kong
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.

An electronic board at the Lujiazui financial district in Shanghai showing the Shanghai and Shenzhen stock indices. Photo: Reuters
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.

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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