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Saudi Arabia's $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen
Saudi Arabia's $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen
Via The Cradle
Saudi Arabia’s Public Investment Fund (PIF) opened a second office in mainland China earlier this year, establishing a Shanghai branch to expand dealmaking and attract more Chinese investment into the kingdom, Bloomberg reports.
The office was registered last year, falls under PIF’s Beijing branch, and is led by Lily Cong, a former chief representative of Fidelity International in China’s capital.
Source: Britannica
The Shanghai outpost was reportedly created to strengthen the $1 trillion fund’s ability to pursue outbound deals in China,...
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Apr 20, 2026 / Tyler Durden
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Supreme Court Clears Way For Dismissal Of Contempt Case Against Steve Bannon
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Authored by Matthew Vadum via The Epoch Times (emphasis ours),
The U.S. Supreme Court on April 6 cleared the way for the Trump administration to dismiss the criminal contempt case against Steve Bannon over his failure to honor congressional subpoenas.
Steve Bannon attends a court hearing at Manhattan Criminal Court in New York City on Nov. 12, 2024. Adam Gray/AFP via Getty Images
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