Sino-MENA: Eastern Promises
Although the preferred playing fields of GCC sovereign investment funds have traditionally been Europe and the US, we now see their sands shifting towards China. This momentum shows no signs of abating. What is more, Saudi Arabia is now ready to make its mark on Chinese equity markets, with a strategic approach to purchasing assets.
Chinese equity markets have been weakened as a result of last year’s regulatory crackdown. To satisfy part of the goals of Saudi Vision 2030, the kingdom is boldly stepping into this brave new world, but doing so cautiously as pessimism around the future of Chinese markets currently abounds.
This week, we discuss how GCC public investment tides are turning from west to east as an ever-growing China becomes ever-more appealing to MENA investors.
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