China’s sovereign wealth fund and a number of banks and hedge funds have boosted their presence in the Middle East, aiming to get a larger slice of the oil-wealth pie and raising concerns in the United States over closer cooperation between China and the U.S. allies in the Gulf region. This year, several state-held Chinese banks, the Chinese $1.
“We know that understanding China in a granular way is not easy to achieve without a presence in China or access to true China specialist institutions,” Richad Soundardjee, regional managing director at CICC, told Bloomberg. “This has kept a number of investors in this region on the fence about adding China to their geographical mix,” Soundardjee added.
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