ARC China: China and the Middle East Are Coming Closer

July 1, 2010 James Heinsman China

ARC China and its founder Adam Roseman have noted that there has been a strengthening of economic and business ties between China and the Middle East. ARC China sites the recent announcement that Middle Eastern sovereign wealth funds Qatar Investment Authority (QIA) and Kuwait Investment Authority (KIA) are poised to become the largest investors in the Hong Kong portion of the Agriculture Bank of China IPO next month after signing agreements to invest $2.8 billion and $800 million respectively. This is an important development as China’s largest lender by number of customers, the Agricultural Bank is seeking to raise as much as $15 billion for the Hong Kong portion of what may become the world’s largest IPO to date.

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ARC China, Qatar, Sovereign Wealth Fund,