Sovereign wealth funds invested $14.2 billion into mainland China and Hong Kong during the first nine months of 2026, marking a near-190% jump from 2025 levels. Gulf sovereign entities accounted for roughly 70% of these inflows, led by Saudi Arabia's PIF alongside UAE funds ADIA and Mubadala.
Middle Eastern sovereign funds invested US$14.2 billion in Hong Kong and mainland China during the first nine months of 2026, according to Global SWF. UAE funds ADIA and Mubadala contributed US$2.5 billion and US$800 million, respectively. The capital targeted sectors including advanced manufacturing, biotechnology, artificial intelligence, and consumer markets.
Abu Dhabi sovereign investor Mubadala Investment Company plans to accelerate its investments in China by 15% to 20% annually over the coming years. Managing $385 billion in global assets, the fund has deployed over $20 billion in China since 2015. The strategy focuses on concentrated investments in life sciences, energy transition, infrastructure, and technology.
Abu Dhabi sovereign investor Mubadala plans to accelerate its China investments with targeted annual growth of 15% to 20%, CEO Khaldoon Al Mubarak told 21st Century Business Herald. Over the next three to five years, the fund will focus on life sciences, energy and energy transition, infrastructure, and technology. Mubadala has deployed more than $20 billion in China since 2015, shifting toward larger, high-conviction transactions.
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