The Public Investment Fund increases its share in the Chinese market, exceeding all expectations

The world’s largest sovereign wealth funds, including the Saudi Public Investment Fund, retained their investments in Chinese stocks in the second quarter of 2023, bucking the broad trend of divestment among global investors.

The Saudi Public Investment Fund The Saudi Public Investment Fund increased its stake in Alibaba Holding Group by 41 percent to 1.45 million shares, the largest adjustment to its $35.5 billion share portfolio in the past quarter, according to the South China Morning Post.