Qatar granted $1bn quota to invest in China

December 12, 2012 - 2:45:37 am

SHANGHAI: Qatar Holding LLC, the investment arm of Qatar’s sovereign wealth fund, has been granted a $1bn quota to invest in China’s capital markets, as Beijing steps up efforts to introduce long-term foreign investors to try and stabilise its     volatile stock market.

Official Chinese media reported in June that Qatar was applying for a $5bn quota under China’s Qualified Foreign Institutional Investor (QFII) scheme, the main channel for foreign investment in Chinese stock and bond markets.  

In addition to Qatar Holding, 10 more foreign investors, including the Ontario Pension Board, Macquarie Bank and HSBC Holdings Plc were also granted fresh or additional quotas in November, according to the State Administration of Foreign Exchange (SAFE), the foreign exchange regulator. 

Reuters

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