Philippines sovereign wealth fund seeks Beijing collaboration despite South China Sea disputes

Maharlika, the Philippines’ first sovereign wealth fund, is open to “collaboration” with China in development projects despite ongoing maritime disputes, its chief said.

“I personally think that there is not enough collaboration going on in respect of Maharlika and [mainland] China and Hong Kong … intuitively, this is perhaps because of the reluctance arising from geopolitics,” Rafael Consing Jnr, president and CEO of the fund, said.