03.07.2014 - Abu Dhabi’s SWF eyes Chinese growth
Abu Dhabi Investment Authority (ADIA), the Persian Gulf sovereign wealth fund (SWF) with an estimated US$773 billion in assets, has hinted that China may play a growing role in its portfolio amid major economic and structural reforms in the country. In its 2013 annual report, which offers a rare glimpse into ADIA’s investment strategy, the SWF said that emerging markets, including China, were playing a larger role in the global growth cycle than ever before. ADIA currently has a QFII quota of $1 billion. “China is in the midst of a historic shift in its economic governance that will likely result in a loosening of administrative controls and allow markets to play a larger role in allocating capital,” wrote Hamed Bin Zayed Al Nahyan, managing director, ADIA, in his foreword to the report...............................................Full Article: Source
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