China approves Qatar sovereign fund to buy a tenth of its top asset manager ...Middle East

China's securities watchdog approved the Qatar Investment Authority (QIA) to become a stakeholder in China Asset Management Co (ChinaAMC), an official filing by the China Securities Regulatory Commission showed on Thursday.

In April last year Reuters first reported the sovereign fund had agreed to invest in the Chinese fund house.

The deal was approved amid a flurry of activity between China and Gulf countries aiming to deepen political, economic and financial ties.

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