Qatar Holding Granted $1 Billion Limit in China Capital Markets

Posted on 12/11/2012

The Chinese State Administration of Foreign Exchange (SAFE) has granted Qatar Holding LLC a US$ 1 billion quota to invest in China’s capital markets. In June 2012, Qatar Holding, a sovereign wealth enterprise of the Qatar Investment Authority, applied for a US$ 5 billion quota in the Qualified Foreign Institutional Investor (QFII) scheme.

The accumulated investment quota for a single QFII is currently limited at US$ 1 billion. The first QFII licenses were granted on May 23, 2003 to UBS and Nomura Securities. The two main regulators of the QFII are the China Securities Regulatory Commission (CSRC) and the State Administration of Foreign Exchange (SAFE).

Keywords: UBS Group AG.