Qatar seeks US$5bn China investment quota - report
Qatar’s sovereign wealth fund is applying for a licence to invest US$5bn in China, one of a number of Gulf countries looking to increase their investment in the Asian superpower.
The application for a licence comes under the Qualified Foreign Institutional Investor (QFIIs) programme, according to a report on the China Securities Journal’s website.
In May, Abu Dhabi was also named as one of a number of foreign financial institutions looking to increase their investment in China.
According to the China Securities Journal, Abu Dhabi Investment Authority was among 37 QFIIs which have applied to increase their quotas by a combined US$12.54bn.
A further 33 investors, worth a combined US$10.25bn, are also applying for quotas for the first time, the report added.