by Wadsam | June 26, 2012 4:43 am
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%.
Source URL: http://wadsam.com/international-business-news/qatar-seeking-an-investment-quota-of-5bn-in-chinas-equity-market8756/
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