The Qatar Sovereign Wealth Fund has agreed to purchase 10% of the shares in Huaxia Fund
The Qatar Sovereign Wealth Fund has agreed to purchase 10% of the shares in China's second-largest public mutual fund company, Hua Xia Fund. "According to informed sources, the Qatar Investment Authority has agreed to buy shares in Hua Xia Fund from Primavera Capital," said a source. Previously, CITIC Securities announced that it had agreed for its third largest shareholder, Tianjin Haipeng (controlled by Primavera Capital), to transfer 10% of its equity in Hua Xia Fund at a price no less than $490 million. If this transaction is finalized, the Qatar Investment Authority will become the third largest shareholder of Hua Xia Fund.
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