China has allowed Qatar Investment Authority to invest in its capital markets, the state-run China Securities Journal reported Monday, without saying where it obtained the information.
China Securities Regulatory Commission granted Qualified Foreign Institutional Investor licenses to a number of institutions before China's Oct. 1-7 National Day public holiday, the newspaper said. The only recipient it named was Qatar Investment Authority, which it said has applied for an investment quota of $5 billion.
The QFII program began in 2002 and is one of the few methods through which foreign investors can trade domestically listed yuan-denominated A shares. Upon receiving a license from the Commission, QFIIs must apply to the foreign exchange regulator for an investment quota, which determines the maximum amount of money they are permitted to invest.
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