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FINANCIAL NEWS
Qatar Holding invests in China’s CITIC Capital
22 Aug 2012
(MENAFN) Qatar Holding LLC, a unit Qatar Investment Authority, has bought 22 percent stake in China’s CITIC Capital Holdings Ltd, Reuters reported.
CITIC Capital, partly owned by China’s sovereign wealth fund, did not give financial details of the investment.
CEO Yichen Zhang said that the investment will strengthen CITIC’s brand positioning meaningfully as the most preferred and committed partner to invest with, both in and outside China.
CITIC Capital’s shareholders include China’s sovereign wealth fund, China Investment Corp, and Chinese financial conglomerate CITIC Group.
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