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Sovereign wealth fund

The fund’s CEO, Rafael Consing Jnr, believes the Philippines’ relationship with China should be viewed beyond the lens of any individual conflict and that there are wider opportunities for collaboration. Photo: Eugene Lee

Can the Philippines’ Maharlika fund bridge the gap between Manila and Beijing?

The fund’s CEO, Rafael Consing Jnr, believes the Philippines should leverage opportunities from China, despite maritime disputes.

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HKIC makes strategic investments in biotech, clean energy and health

UAE, Saudi officials call for Hong Kong businesses to list, expand in Middle East

Kim Kardashian, Pharrell got US$2.4 million of 1MDB funds via Jho Low: court

A Malaysian court heard that US$2.4 million from 1MDB was transferred to Kim Kardashian and Pharrell Williams via Jho Low’s shell company.

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1MDB funds were misappropriated to celebrities, including Kim Kardashian, via Jho Low’s shell company, a Malaysian court heard. Photo: WireImage

Swiss court jails 1MDB fraudsters over US$1.8 billion theft from Malaysian fund

The court emphasised the severity of the crimes, citing the high amounts of money involved and the defendants’ selfish motives.

Swiss court convicts PetroSaudi executives over US$1.8 billion 1MDB scandal

The verdict marks the latest development in the complex international corruption scandal.

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Saudi Arabia wealth fund signs US$50 billion deals with 6 Chinese institutions

Agreements with top financial institutions including BOC, CCB and ICBC aim to promote two-way capital flows through both debt and equity, Public Investment Fund says.

PIF has signed six memorandums of understanding (MoUs) worth up to $50 billion with leading Chinese financial institutions. Photo: PIF

Sovereign investors look to emerging markets as geopolitical tensions rise: study

Geopolitical tensions have surpassed inflation as the primary concern for sovereign investors, prompting them to invest more in emerging markets and gold, according to the survey by Invesco.

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Singapore’s US$288 billion Temasek stays bullish on China with eye on US, India

The city state’s sovereign wealth fund says its main priority is building a ‘resilient portfolio’ that can withstand market ‘dislocations’.

‘Don’t have much saved’: Malaysians dip into retirement funds in their millions

Faced with rising costs and low wages, cash-strapped Malaysians jumped at the chance to drain billions from the mandatory savings fund.

Malaysian ringgit banknotes. Nearly 3 million people collectively withdrew about 7 billion ringgit from Malaysia’s Employees’ Provident Fund last month. Photo: Shutterstock

Exclusive | CIC to tap China-Middle East investment opportunities via Partners Group

The Swiss private equity firm is working with China Investment Corp and other sovereign funds as investment flows grow between China and the Middle East.

A runner pauses for a selfie in the Dubai Marina district of Dubai, United Arab Emirates, on February 19, 2024. Photo: Bloomberg

Jho Low, US reach confidential deal to try to ‘forever’ resolve 1MDB-linked case

The confidential agreement, which has yet to be publicly disclosed, is tied to the announcement on Wednesday by the DOJ that it is to recover an additional US$100 million in resolving two civil forfeiture cases.

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Explainer | What is the HKIC and why is it important for Hong Kong’s economic development?

The HKIC will use its initial corpus of HK$62 billion (US$8 billion) to support innovative start-ups, enhance economic growth and generate returns for the government.

Jho Low to forfeit Warhol, Monet art in US$100 million 1MDB settlement with US

The fugitive financier will also give up a luxury Paris flat and real estate and bank accounts in Hong Kong, Singapore and Switzerland.

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The US Department of Justice announced on Wednesday that it has reached an agreement with Malaysian financier Jho Low to recover more than US$100 million in connection with the 1MDB scandal. Photo: Sam Tsang

Opinion | Why Hong Kong needs to embrace failure to succeed

A spirit of adventure – from small businesses to the government wealth fund – is crucial as Hong Kong faces rapid changes and challenges.

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AI company Smartmore’s founder and chairman Jia Jiaya chats with Financial Secretary Paul Chan Mo-Po and Hong Kong Investment Corporation (HKIC) CEO Clara Chan Ka-chai on June 12 at the Ritz-Carlton Hotel, where a strategic partnership deal was signed between Hong Kong’s wealth fund and the Hong Kong unicorn. Photo: Sun Yeung

How Clara Chan, ‘goddess’ and ‘little chilli’ in Cathay bailout, became HKIC CEO

Clara Chan’s role in the Cathay rescue earned her the nickname ‘goddess’ from some airline executives, while others called her ‘little chilli’ for being a tough negotiator.

Hong Kong’s wealth fund to debut in June with tech, biotech, energy deals

Government-owned HKIC will invest in hard and core technology, biotechnology, and new energy and green technologies as authorities seek to strengthen innovation and technology to provide sustainable economic development in the city.

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Elon Musk’s US$56 billion Tesla pay package opposed by Norway’s state fund

Norway’s US$1.7 trillion sovereign wealth fund says it is concerned about the total size of Musk’s pay package and seeks to discuss with Tesla on the issue.

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Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at a conference in Beverly Hills, California in May. Photo” TNS

Singapore’s sovereign wealth fund trims stake in China’s biggest lender ICBC

Temasek Holdings, Singapore’s sovereign wealth fund, cut its stake in the Industrial and Commercial Bank of China (ICBC) twice in one day last week, reducing its share of the lender to less than 5 per cent.

Lenovo issues US$2 billion convertible bonds to Saudi Arabia sovereign fund

Lenovo’s convertible bond sale follows similar offerings by e-commerce giants Alibaba and JD.com as issuers seek to lower funding costs in a high rate environment by capitalising on a red-hot stock market.

China’s sovereign fund launches US$1 billion Middle East fund with Investcorp

The Golden Horizon Fund, which will target companies across the Gulf Cooperation Council countries and China, marks the first time that CIC has invested in the Middle East.

A view of the World Trade Center and other buildings in Manama, Bahrain, where Investcorp Holdings is based. Photo: Shutterstock

Saudi delegation visits mainland cities, Hong Kong to tout megalopolis Neom

Seven-day tour includes closed-door forums in Beijing, Shanghai, Hong Kong, and Shenzhen to seek potential partners for the ambitious urban-development project.

A handout illustration provided in 2022 shows the design plan for the 500-metre tall The Line, in the planned Red Sea megacity Neom. Illustration: Neom via AFP

Opinion | China’s relations with the Middle East: gold mine or minefield ahead?

While Sino-Arab economic ties have deepened, China is nowhere near replacing the US in the region. Beijing is trying to balance its dependence on Middle East oil with increased arms sales to the region, a development that may prove significant.

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Swiss fraud trial of PetroSaudi execs linked to Malaysia’s 1MDB scandal begins

The defendants, from PetroSaudi, are accused of having created a scheme in 2009 under which 1MDB, would set up a joint venture based on false premises.

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Dubai royal nephew to open US$500 million family office in boost to Hong Kong hub

Sheikh Ali Al Maktoum, the nephew of Dubai ruler, is opening a family office in Hong Kong, one of the first high-profile global investors to respond to the city’s campaign to lure the ultra-rich.

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Dubai hosted a jet-suit race in Dubai in February 2024, claimed to be the first of its kind. AP Photo

Hong Kong to improve tax breaks to lure more foreign funds, family offices: Paul Chan

Hong Kong will enhance several measures aimed at attracting foreign funds and family offices, and host more financial conferences to improve the city’s ‘branding’ and economic appeal, Financial Secretary Paul Chan says.

The government hopes to improve Hong Kong’s image as a financial centre by hosting more conferences such as the Global Financial Leaders’ Investment Summit last November and the Asian Financial Forum last month. Photo: Elson Li

Goldman Sachs and Abu Dhabi’s Mubadala sign US$1 billion private credit deal

The US investment bank and the Abu Dhabi sovereign wealth fund will extend long-term capital to ‘high-quality companies and sponsors’ across Asia-Pacific to capitalise on private-credit opportunities.

Energy giant Aramco to issue longer term bonds this year, CFO tells Riyadh forum

Saudi Aramco is poised to issue bonds this year with tenures of 15 to 50 years in a bid to optimise its capital structure, Ziad Al-Murshed, the company’s CFO, said at the Saudi Capital Market Forum in Riyadh on Monday.

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Sovereign wealth fund
The latest news, analysis and opinion on Sovereign wealth fund. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
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