Abu Dhabi Funds Plan China Strategy Rejig to Boost Investments

Abu Dhabi is considering plans to consolidate Chinese assets housed within two of its wealth funds under a new entity, setting the stage for a radical overhaul of its investment strategy for the world’s second-largest economy.

The proposed investment vehicle will be jointly owned by the two wealth funds, L’imad Holding Co. and Mubadala Investment Co., according to people familiar with the matter. This would help avoid multiple Abu Dhabi vehicles competing for the same deals as the emirate looks to boost its exposure to China, the people said, declining to be identified discussing confidential information.