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China Asset Management (Hong Kong) and Qatar's Lesha Bank have partnered to launch the first Sharia-compliant Chinese equity fund, with a potential size of $1 billion.
China Asset Management (Hong Kong) and Qatar's Lesha Bank reached an agreement on Wednesday to launch Qatar's first Sharia-compliant Chinese equity fund, with a potential size of $1 billion. This move aims to attract Middle Eastern capital as institutional investors and wealthy families seek safe havens amid geopolitical turmoil. The fund, to be registered in the Cayman Islands, is designed to offer qualified high-net-worth investors in Gulf Cooperation Council (GCC) countries direct access to China's mainland and Hong Kong stock markets.
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