China Asset Management Co. (referred as ChinaAMC below) has signed a Memorandum of Understanding with Oman government delegation comprised of regulator, stock exchanges, sovereign wealth fund and asset manager, on two-way bilateral investment projects, laying the groundwork for further financial cooperation between China, Oman and Gulf States.

The ceremony was held in ChinaAMC’s Beijing office on September 4. The Oman side is represented by senior management from Oman Investment Authority, Mars Development and Investment, Financial Services Authority, Muscat Stock Exchange, Muscat Clearing & Depository, and Jabal Asset Management. Witnessed by senior management from both sides, ChinaAMC CEO Li Yimei and Jabal Asset Management CEO Evgeny Korovin signed the MOU.

The ceremony is one leg of Oman government delegation’s five-day China tour, which includes more than 15 high-level meetings across Hong Kong, Shenzhen, Shanghai and Beijing, with Chinese regulators, stock exchanges, sovereign fund and local government, ChinaAMC, CITIC Securities and other top foreign and Chinese financial institutions.

The trip yielded three MOUs, including the one with ChinaAMC.

In late 2024, ChinaAMC launched Jabal ChinaAMC Loong Equity Fund that enabled access to China equity market, making ChinaAMC China's first mutual fund company to partner with Oman government.

Jabal Asset Management is a wholly-owned subsidiary of Oman government, and Oman Investment Authority is an anchor investor for the Loong Fund.

ChinaAMC representatives have solely advised Oman government delegation on the latest trip and related projects, and have accompanied all meetings.