In Briefcase weve written about the rise of sovereign wealth funds, and the rise of China as a force in global capital. A short post to highlight relevant news on these topics reported on by the Financial Timestoday. According to the FT, a number of delegates from investment funds in the Gulf States either have plans to visit, or have already visited Beijing to discuss cross-investment. As the FT article notes, the Chinese are on the hunt for sources of energy, and, thanks to high oil prices, the Mideast funds have plenty of money to invest. In light of the current economic situation in the U.S. China has become much more of an attractive place to spend that capital.
Blogs & Comment
A global shift
By CB Staff
In Briefcase weve written about the rise of sovereign wealth funds, and the rise of China as a force in global capital. A short post to highlight relevant news on these topics reported on by the Financial Timestoday. According to the FT, a number of delegates from investment funds in the Gulf States either have plans to visit, or have already visited Beijing to discuss cross-investment. As the FT article notes, the Chinese are on the hunt for sources of energy, and, thanks to high oil prices, the Mideast funds have plenty of money to invest. In light of the current economic situation in the U.S. China has become much more of an attractive place to spend that capital.