ChainCatcher news, according to Reuters, two sources said that the Qatar Sovereign Wealth Fund has agreed to purchase a 10% stake in China’s second-largest mutual fund company, Huaxia Fund. The sources stated that the Qatar Investment Authority (QIA) will buy the shares of Huaxia Fund from the investment firm Primavera Capital.The sources declined to disclose the financial details of the transaction, but Citic Securities, which owns approximately 62% of Huaxia Fund, stated in March that it had decided to waive its right to purchase the 10% stake currently held by Primavera, valued at no less than $490 million.The proposal from the Qatar Sovereign Fund has been submitted for approval by Chinese regulatory authorities, and if approved, the transaction will make the Qatar Investment Authority the third-largest shareholder of Huaxia Fund.