English | دری

Qatar Seeking an Investment Quota of $5bn in China’s Equity Market

in International Business

Qatar Seeking an Investment Quota of $5bn in China’s Equity Market

Qatar has said that it is applying for a license under China’s Qualified Foreign Institutional Investor (QFII) program to invest in its capital market.

China has welcomed Qatar’s request and the China Securities Regulatory Commission (CSRC) said it will help expedite the application process and assist the Qatari authorities in applying for the investment quota.

Qatar is a major supplier of liquefied natural gas (LNG) to China. Beijing currently imports almost 5 million tons of LNG annually from the Gulf nation.

With demand for fuel rising in China, the number is expected to grow further in the coming years.

Qatar’s minister of energy and industry Mohammad Bin Saleh Al-Sada has said that Qatar was keen on investing the revenues generated from the LNG exports back into the Chinese markets.

Qatar’s application for investment in China comes just days after China said it was looking to ease the entry rules for foreign investor.

Mr Al-Sada’s comments come as the CSRC has proposed to raise the limit on the combined stake foreign investors can hold in a listed Chinese company to 30% from 20%.



Related Articles

Dubai’s historic Expo 2020 win to transform its economy

Tallying of 116 out of 163 votes, Dubai beat off rival bids from Brazil, Turkey and Russia, and won the

Sluggish global economy hurting emerging economies-warns IMF’s Christine Lagarde

The global economic crisis has started to hurt growth in emerging economies warned the International Monetary Fund (IMF) head, Christine

EU-US trade deal to boost economic growth

In their recent trade deal talks, the US and the EU recently agreed on a free-trade agreement that is expected

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.