Qatar wealth fund said to be buying 10% stake in Chinese asset manager

Qatar wealth fund said to be buying 10% stake in Chinese asset manager

Skyscrapers of the State of Qatar. Photo by Masarath Alkhaili / Unsplash.com

Qatar’s sovereign wealth fund has agreed to buy a 10% stake in China’s second-largest mutual fund company, two sources said, underscoring Beijing’s increasing ties with the Middle East amid rising tensions with the West.