Malaysian fund looks to China

Khazanah Nasional Bhd, the Malaysian government's $25 billion investment fund, is evaluating investments in China's infrastructure, environmental products, financial and healthcare services, the agency's chief said.

"We have a longer horizon compared with the traditional private-equity investors, and we're experienced in many emerging economies," Khazanah's Managing Director Azman Mokhtar said in Beijing.

The Malaysian agency, with $100 billion of equity stakes in more than 50 companies in five countries, joins the $60 billion Qatar Investment Authority and Singapore's Temasek Holdings Pte in tapping growth opportunities in China and other emerging markets. Khazanah is expanding beyond owning government-linked companies, such as Telekom Malaysia Bhd and Bumiputra-Commerce Holdings Bhd.