DEALS
Zhong Lun Assists MENA’s First QFII Asset Management Organization to Issue Chinese Securities Product
Zhong Lun Assists MENA’s First QFII Asset Management Organization to Issue Chinese Securities Product
Recently, Jabal Asset Management (“Jabal”), the first QFII asset management organization in the MENA region, issued a Hong Kong-China securities product, Jabal ChinaAMC Loong Equity Fund (“Jabal ChinaAMC Loong Fund”), on the Oman Stock Exchange. Jabal ChinaAMC Loong Equity Fund was fully subscribed on December 9, 2024. The product is sold in Oman for the MENA region, which further strengthens the financial and investment ties between the region and China.
As the first QFII asset management organization in MENA, Jabal is 100% owned by the Omani government, and is sponsored by two major Omani sovereign funds (Oman Investment Authority and Mars Development and Investment), which chair the board of directors. This fund is also the first local public fund in MENA to be advised by a Chinese institution (Huaxia Fund Management Co., Ltd.).
Zhong Lun Law Firm acted as Jabal’s Chinese mainland and Hong Kong legal advisor and provided relevant Chinese mainland and Hong Kong legal services. The project team was led by partners George Cheng and Stephen Wong for Chinese mainland and Hong Kong legal advice, respectively, and partner Wen Dai also provided significant support in facilitating this deal.
