Remember meForgot password?
    Log in with Twitter

article imageQatar seeks $5 billion investment in China

By Paul Iddon     Jun 25, 2012 in Business
Qatar is at present is seeking to invest in the Chinese capital market with an investment quota of $5 billion following China's recent announcement that it is going to ease entry restrictions and rules for foreign investors.
The current cap for investment is $1 billion. However the China Securities Regulatory Commission (CSRC) stated it will help Qatar complete the application process and assist them in their application for a $5 billion quota as soon as possible Al Jazeera, BBC News and Trade Arabia have reported.
Qatar is applying for this $5 billion quota under China's Qualified Foreign Institutional Investor (QFII) scheme which is the main channel foreign investors use to invest in Chinese stock and bond markets.
The Chinese government has already earlier this year raised the total maximum allowed under the QFII quota from $50 billion to $80 billion with $1 billion capped per investor. However with the Qatari investment prospect this looks set to change.
Qatar is a major supplier of liquefied natural gas to China, 5 million tons of which is exported to China every year, with a growing demand for such fuel in China growing the two trading partners look set to form a more lucrative business partnership in the coming years.
The Qatari Minister of energy and industry Mohammed Bin Saleh Al-Sada has hinted at such development when he stated that Qatar is ready in the future to invest its earnings from the export of natural gas into China back into Chinese markets.
More about Qatar, Finance, China, Economy
More news from