China Unicom(SH:600050) 每经网·2024-02-22 06:23Core Viewpoint - Domestic financial institutions are increasing cooperation with Middle Eastern investors, who are leveraging public funds to enter the Chinese capital market [1][2]. Group 1: Cooperation Initiatives - On February 20, a memorandum of cooperation was signed between E Fund and Riyad Capital, aiming to explore investment opportunities in various markets and asset classes [1][2]. - E Fund's chairman highlighted that the high-level opening of the Chinese capital market provides opportunities for international development, enhancing investment capabilities in Saudi Arabia and beyond [2]. Group 2: Previous Collaborations - The first Saudi Arabia ETF, launched by Southern Fund's subsidiary, was listed on the Hong Kong Stock Exchange in November, marking a significant step in the collaboration between public funds and Middle Eastern capital [2]. - In December, Huatai-PineBridge Fund submitted a proposal for a fund that would directly invest in Saudi Arabia, potentially becoming the first domestic ETF to do so [2]. Group 3: Increasing Middle Eastern Investment in China - Middle Eastern capital has been actively investing in China, with significant transactions reported, including Saudi Aramco's acquisition of stakes in Chinese companies [4]. - From 2019 to Q1 2023, the Abu Dhabi Investment Authority increased its allocation to Chinese assets from 4.5% to 22.9%, reflecting a growing preference for Chinese investments [4]. - In 2023, over 10 investment events involving Middle Eastern capital in Chinese companies were recorded, with total investments exceeding 20 billion yuan [4]. Group 4: Focus Areas for Investment - Middle Eastern investments in China are increasingly directed towards technology and innovation sectors, particularly in electric vehicles and biomedicine [4]. - The trend indicates that Middle Eastern capital is becoming a significant source of liquidity in both primary and secondary markets in China [4].