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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.
Packets of snacks on the shelves inside a Haldiram’s restaurant in Mumbai, India. Photo: Reuters
India

Temasek takes a big bite of India’s food market with major Haldiram’s deal

The state investment fund has reportedly bought a 10 per cent stake in the leading Indian food company for US$1 billion.

Indonesia

Can Danantara deliver? Indonesia’s sovereign fund vows to be ‘super transparent’

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Malaysia 1MDB scandal

Chasing Jho Low: blockchain bounty breathes new life into hunt for 1MDB fugitive

Indonesia

Indonesia’s Danantara fund faces constitutional challenge over corruption concerns

Critics fear the new law underpinning the fund weakens oversight of state-owned enterprises, potentially fuelling corruption risks.

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Exterior facade of the building housing Indonesia’s sovereign wealth fund, known as Daya Anagata Nusantara or Danantara, in Jakarta. Photo: AFP
Indonesia

‘Dream team’ of Jokowi, ex-Thai PM, Bridgewater’s Dalio to advise Indonesian fund

Danantara Indonesia’s sovereign fund, targeting 8 per cent growth by 2029, enlisted ex-presidents and global experts to manage a potential US$900 billion in assets.

Banking & finance

The custodian of a third of China’s US$3.2 trillion reserves is hiring in Hong Kong

The firm is seeking trainees for fundamental research and systematic trading, according to a posting on HKCampusRecruitment.

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Malaysia 1MDB scandal

Explainer | Why is Malaysia’s 1MDB scandal still casting a long shadow over its economy?

About 70 per cent of the US$10 billion funds pilfered from the sovereign wealth fund have been recovered, Malaysia’s MACC says.

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Former Malaysian Prime Minister Najib Razak gestures as he leaves the Malaysian Anti-Corruption Commission (MACC) office in Putrajaya in 2018. Photo: AP
Nato

Norway faces ‘serious security situation’, must hike Ukraine aid, PM says

Norway, home to the world’s largest sovereign wealth fund, has seen soaring income from gas sales to Europe.

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Indonesia

Indonesia’s Danantara fund sparks questions over economic impact, transparency

The massive sovereign wealth fund has come under scrutiny as analysts flag concerns about governance and political influence.

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Indonesia

Indonesia’s funding plan for new investment arm sparks transparency concerns

Critics warn of potential corruption and unchecked political influence in managing state-owned assets via new sovereign wealth fund Danantara.

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Indonesia’s President Prabowo Subianto. Photo: AFP
Indonesia

Indonesia to launch sovereign wealth fund with over US$900 billion in assets

The fund will invest in sustainable high impact projects across sectors such as renewable energy, advanced manufacturing.

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Indonesia’s President Prabowo Subianto said the sovereign fund will invest in sustainable high impact projects across sectors such as renewable energy, advanced manufacturing, downstream industries and food production. Photo: AFP
US-China relations

Elon Musk says he doesn’t want to buy TikTok’s US business after all

‘I usually build companies from scratch,’, said the tech billionaire, who bought Twitter and renamed it X.

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US-China relations

Will Donald Trump’s new US sovereign wealth fund take aim at Chinese assets?

Analysts caution the recently authorised fund could compete with Chinese state investment or buy overseas holdings like TikTok.

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Donald Trump

Trump orders creation of US sovereign wealth fund, says it could buy TikTok

TikTok’s fate has been up in air since a law requiring China’s ByteDance to sell it on national security grounds or face ban.

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US President Donald Trump speaks to journalists about TikTok as he signs executive orders in the Oval Office of the White House on January 20. Photo: AFP/Getty Images/TNS
The Philippines

Philippines wealth fund invests in China-backed grid operator, despite tensions

Investing in the national grid operator, partly owned by China’s State Grid Corp, boosts government control over critical power infrastructure amid geopolitical tensions.

The Philippines’ sovereign wealth fund is investing in the country’s power grid operator, giving the government greater control over critical infrastructure amid tensions with China. Photo: Shutterstock
Hong Kong Monetary Authority (HKMA)

Hong Kong’s Exchange Fund reports fifth-best return despite fourth-quarter loss

The fund’s return fell 3 per cent in 2024 to HK$219 billion (US$28 billion) due mainly to a loss of HK$20.1 billion in the fourth quarter.

Malaysia

Malaysia makes a Trump pivot, seeing risks to its China investments

The managing director of Malaysia’s sovereign wealth fund says it could face challenges in China – but remains bullish on India’s prospects.

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Banking & finance

Hong Kong, GCC seek synergies in finance and infrastructure to deepen ties

Officials from Saudi Arabia, UAE, Oman and Qatar say Hong Kong can a play a major role to help diversify their economies.

Officials from the Gulf Cooperation Council take part in a panel discussion at the Asian Financial Forum on Tuesday. Photo: Jonathan Wong
Banking & finance

Middle East funds drive 21% surge in sovereign investments in China

US$10.3 billion from state-owned investors flowed into China last year, 62 per cent of it from Persian Gulf nations, says Global SWF.

Business of climate change

Templewater builds Middle East ties to unlock energy transition potential

Private equity firm eyes opportunities for its entities in vehicle manufacturing and sales distribution in the Gulf Cooperation Council nations.

Malaysia 1MDB scandal

Malaysia’s 1MDB sues ‘dishonest’ Amicorp for US$1 billion for alleged fraud

The claim alleges Hong Kong-headquartered Amicorp of creating shell companies and enabling the misappropriation of funds between 2009 and 2014.

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The 1MDB logo is seen on a billboard at the funds flagship Tun Razak Exchange under-development site in Kuala Lumpur. Photo: AFP
Malaysia 1MDB scandal

Malaysia’s ex-PM Najib says 1MDB-linked charges ‘politically motivated’

The former PM is serving a six-year prison sentence for stealing from sovereign wealth fund 1MDB and faces more cases related to the 2018 election scandal.

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Najib Razak, then Malaysian Prime Minister, speaks during a press conference in Berlin. Photo: dpa
Banking & finance

Hong Kong urged to boost capital flow with mainland for global market access

Former HKMA head Norman Chan says capital circulation is not as seamless as it used to be.

Hong Kong politics

Beijing names financier Qi Bin as deputy director of Hong Kong liaison office

Qi Bin, vice-president of China’s sovereign wealth fund, will serve as a deputy at the central government’s liaison office.

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FII conference

Hong Kong start-ups find warm welcome, big opportunities in Saudi Arabia

Executives in a recent delegation praise Saudi Arabia’s pace of modernisation and eagerness to do business.

A view of Riyadh, Saudi Arabia. Photo: Shutterstock
Malaysia

With ChatGPT and hashtags, Malaysians show unease with Fashion Valet losses

Malaysians have turned to social media tools to investigate Fashion Valet co-founder Vivy Yusof’s collection of luxury bags and shoes.

Vivy Yusof, co-founder of Malaysian e-commerce firm Fashion Valet. Photo: Instagram/vivyyusof
Malaysia

US$10 million fashion fail prompts Anwar to probe Malaysia sovereign fund picks

The loss of Khazanah’s investment in an online fashion retailer has sparked outrage among a public still sensitive after the 1MDB scandal.

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Hong Kong Monetary Authority (HKMA)

FII 2024: Hong Kong, Saudi Arabia to anchor US$1 billion investment fund

In addition, Hong Kong and Saudi market regulators announce a partnership to spur cross-border listings and training.

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