Lesha Bank, ChinaAMC Sign MoU to enhance cooperation in investment, capital markets

Lesha Bank LLC, a public company, and China Asset Management-Hong Kong Limited (ChinaAMC) have signed a memorandum of understanding. This agreement aims to bolster investment, business, and capital market collaboration between China and the Gulf Cooperation Council (GCC) region. According to Lesha Bank, under the MoU, the two parties will develop investment product solutions following regulatory and commercial considerations.

The China equity fund, known as the Fund, will be accessible in Qatar, marking a significant milestone for Lesha Bank. The investment manager for the Fund is Lesha Bank, while ChinaAMC (HK) will act as the sub-investment manager, handling investments and liquidity. The Fund will focus on sectors such as AI & technology, advanced manufacturing, pharmaceuticals, and renewable energy.