Golden Finance reported that according to Reuters, Qatar's sovereign wealth fund has agreed to buy 10% of China Asset Management, China's second largest public fund company. "According to people familiar with the matter, Qatar Investment Authority has agreed to buy China Asset Management's shares from Primavera Capital." Previously, CITIC Securities announced that it agreed to the third largest shareholder Tianjin Haipeng (Primavera Capital is the actual controller of Tianjin Haipeng) to transfer 10% of China Asset Management's equity at a price of no less than US$490 million. If this transaction can be completed, Qatar Investment Authority will become the third largest shareholder of China Asset Management.