The Saudi Public Investment Fund signed six memorandums of understanding with leading Chinese financial institutions worth up to 187.5 billion riyals (about $50 billion). These institutions include the Agricultural Bank of China, Bank of China, China Construction Bank, China Export & Credit Insurance Corporation, Export-Import Bank of China, and Industrial and Commercial Bank of China. These agreements aim to enhance the mutual flow of capital through debt financing and capital markets and are part of the fund’s strategy to strengthen its institutional partnerships globally. The Public Investment Fund is a Saudi government fund with assets exceeding $700 billion, ranking it sixth among the largest sovereign wealth funds in the world.