$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ The...

$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Oman Investment Authority, a sovereign wealth fund of the Sultanate of Oman, has announced a collaboration with IDG Capital and Eider Capital to establish a fund and engage in investment activities in Oman with promising Chinese companies.

The continuous increase in Middle Eastern capital investing in China is a hot topic in the investment community. According to statistics from the Global SWF platform, sovereign wealth funds from the Gulf states had a direct investment and M&A amount of up to $2.3 billion in China last year. Based on numerous previous investment announcements, it is clear that Middle Eastern funds investing in China are not just for financial returns but also for strategic partnerships.
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