The Qatar Investment Authority and the CITIC Group have created a US$10 billion joint venture fund to invest in Asia, even as QIA notes it is looking for new partnerships as it seeks to invest US$15 billion-US$20 billion in the next five years.

Ahmad Al-Sayed, CEO of Qatar's sovereign wealth fund, said QIA is expanding its office in Beijing and New Delhi, and is opening a new office in New York"

"This year, we have invested billions of dollars in Asia and China, including, most recently, investments in Lifestyle International (Sogo), Citic Group and Alibaba.We continue to look for attractive assets and establish new partnerships to create long term value," he tells delegates at the Credit Suisse 5th Annual Emerging Markets Leadership Forum in Beijing.

"We see real long-term investment potential in companies here in China because of: the Increasing availability of interesting sustainable investment opportunities as the economy develops and diversifies; the growing brand and stature of large Chinese corporates, for example from TMT to banking and oil and gas to transport and the continuing emergence of an affluent and increasingly discerning middle class."