Qatar wants to invest $5 billion in China

Qatar's Energy and Industry Minister Mohammed Bin Saleh Al Sada

Qatar`s sovereign wealth funds, stocked with assets of approximately $100 billion, is seeking a license under China’s Qualified Foreign Institutional Investor (QFII) programme to invest $5 billion in the country. The amount is far above the current cap of $1 billion set by the QFII.

Chinese official news agency Xinhua reported that Qatar wants to invest in the contry’s security and bond market, partly using its proceeds from LNG exports to China. Beijing currently imports almost five million tonnes of LNG annually from Qatar.

Qatar is also eyeing more direct investments in China. State-owned Qatar Petroleum is already operating a refinery together with China’s CNPC, with a combined investment volume of $15 billion.

According to Xinhua, the China Securities Regulatory Commission (CSRC) will help complete the application process “as soon as possible”.

Qatar’s minister of energy and industry, Mohammed Bin Saleh Al Sada, was quoted as saying that Qatar was confident about China’s long term economic growth prospects and that the country’s major listed companies had good investment value.



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[caption id="attachment_3560" align="alignleft" width="300" caption="Qatar's Energy and Industry Minister Mohammed Bin Saleh Al Sada"][/caption] Qatar`s sovereign wealth funds, stocked with assets of approximately $100 billion, is seeking a license under China's Qualified Foreign Institutional Investor (QFII) programme to invest $5 billion in the country. The amount is far above the current cap of $1 billion set by the QFII. Chinese official news agency Xinhua reported that Qatar wants to invest in the contry's security and bond market, partly using its proceeds from LNG exports to China. Beijing currently imports almost five million tonnes of LNG annually from Qatar. Qatar is...

Qatar's Energy and Industry Minister Mohammed Bin Saleh Al Sada

Qatar`s sovereign wealth funds, stocked with assets of approximately $100 billion, is seeking a license under China’s Qualified Foreign Institutional Investor (QFII) programme to invest $5 billion in the country. The amount is far above the current cap of $1 billion set by the QFII.

Chinese official news agency Xinhua reported that Qatar wants to invest in the contry’s security and bond market, partly using its proceeds from LNG exports to China. Beijing currently imports almost five million tonnes of LNG annually from Qatar.

Qatar is also eyeing more direct investments in China. State-owned Qatar Petroleum is already operating a refinery together with China’s CNPC, with a combined investment volume of $15 billion.

According to Xinhua, the China Securities Regulatory Commission (CSRC) will help complete the application process “as soon as possible”.

Qatar’s minister of energy and industry, Mohammed Bin Saleh Al Sada, was quoted as saying that Qatar was confident about China’s long term economic growth prospects and that the country’s major listed companies had good investment value.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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