Qatar Investment Authority acquires 10% stake in China Asset Management Co

As reported by Reuters on June 4, Qatar Investment Authority (QIA) is in advanced discussions to acquire a 10% stake in China Asset Management Co. (ChinaAMC), one of China's largest mutual fund companies. 

According to sources, QIA plans to purchase the stake from Primavera Capital. While financial terms have not been disclosed, the transaction requires regulatory approval in China. 

Should the deal proceed, QIA would become the third-largest shareholder in ChinaAMC, a firm managing over 1.8 trillion yuan ($248 billion) in assets, offering a variety of mutual funds and exchange-traded funds to both retail and institutional investors. 

This acquisition aligns with QIA's strategy to establish itself as a premier global investment institution and gain a foothold in China's burgeoning $4.3 trillion mutual fund market. 

The timeline and likelihood of Chinese regulatory approval remain uncertain, as per insiders familiar with the matter. 

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