Qatar Wealth Fund Becomes ChinaAMC’s Third-Largest Shareholder

China Asset Management Co. said Qatar Holding LLC became its third-largest shareholder after acquiring a 10% stake, marking the latest instance of Middle Eastern capital flowing into the world’s second-largest economy.

The Chinese company said its original backer Tianjin Haipeng Technology Consulting Co. transferred its stake, which was approved by the China Securities Regulatory Commission, according to a notice.