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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.
last updated:
9 September, 2024
US President Donald Trump has signed an executive order authorising the creation of a sovereign wealth fund. Photo: AFP
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

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The Philippines

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

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.

The Hong Kong Monetary Authority manages the Exchange Fund, the city’s war chest to defend the currency peg. Photo: Jonathan Wong
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.

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.

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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.

People visit the Yuyuan Garden Lantern Festival at Yuyuan Garden Mall in Shanghai on January 1, 2025. Photo: Xinhua
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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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.

Norman Chan Tak-lam, the former CEO of the Hong Kong Monetary Authority. Photo: Xiaomei Chen
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.

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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Malaysia’s Prime Minister and Finance Minister Anwar Ibrahim delivering his speech on the 2025 national budget at the Malaysian Parliament in Kuala Lumpur on October 18. Photo: EPA-EFE
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.

The Philippines

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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Start-ups

HKIC makes strategic investments in biotech, clean energy and health

The three start-ups have opened offices in Hong Kong to leverage the city’s talent and research prowess.

Clara Chan, CEO of HKIC, speaking at the inaugural Hong Kong Start-up Investment and Development Summit on September 13, 2024. Photo: Handout
Hong Kong economy

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

Hong Kong tycoon Victor Fung also says region can be a ‘launching pad’ for local businesses at forum attended by Middle Eastern leaders.

Malaysia 1MDB scandal

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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Malaysia 1MDB scandal

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.

Patrick Mahony (left) and Tarek Obaid (right) arrive at the Swiss Federal Criminal Court in Bellinzona last week. Photo: AFP
Malaysia 1MDB scandal

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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The Swiss Federal Criminal Court in Bellinzona. Photo: AFP
Banking & finance

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.

Investing

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

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’.

Temasek is now the 11th largest sovereign wealth fund in the world. Photo: Bloomberg
Malaysia

‘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
Banking & finance

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.

Malaysia

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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