Qatar is waiting for a qualified foreign institutional investor (QFII) quota to inject money into the Chinese A-share market, eyeing the development potential and long-term growth of the world's second largest economy.
The proposed quota was $5 billion, higher than the top securities regulator's previous required upper limit of $1 billion, said Mohammed bin Saleh Al Sada, Qatar's Minister of Energy and Industry and Chairman of Qatar Petroleum.
The Qatari investment will come from its liquefied gas income and will be continually invested in the Chinese capital market.
Officials from the China Securities Regulatory Commission said they will support the Qatari request and further raise the ceiling for the quota as well as accelerate approvals for foreign institutional investors. |