Dec 08, 2023 05:16 AM

ECONOMY

Saudi Wealth Fund Pushes for Closer Ties with Asia

By Wang Xiaoqing and Han Wei

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What’s new: Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PFI), is considering setting up offices on the Chinese mainland and in India as it seeks closer ties to Asia, Yasir Al-Rumayyan, the fund’s governor, said during a summit in Hong Kong.

The PIF's office on the Chinese mainland is still in the planning stage, and its location has not been determined yet, sources with knowledge told Caixin.

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