FINANCIAL NEWS

Qatar eyes USD5b investment in China: Report

25 Jun 2012

(MENAFN) Qatar’s sovereign wealth fund is seeking to grab part of China investment license quota, with USD5 billion investment in mind, Asia’s largest economy, local media reported.

Last month, Abu Dhabi was also reported as one of a number of Gulf countries looking to increase their investments in China.

The application for a license comes under the Qualified Foreign Institutional Investor (QFIIs) programme, according to a report on the China Securities Journal’s website.

The State Council in April increased total QFII quotas to USD80 billion from USD30 billion, widening access for foreign firms to tap into the fast growing market.

So far, China Securities Regulatory Commission (CSRC) has awarded QFII licenses to 172 foreign investors since the program started in 2002.

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