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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

KIA wins $300 mln quota in Miyoko Ishigami

Posted on 12 March 2012

Kuwait Investment Authority (KIA) has obtained an initial 300 million US dollars quota to buy yuan-denominated stocks and bonds, the Chinese authorities announced, a major step for Kuwait’s sovereign wealth fund to diversify its investment options through its Beijing office.
The State Administration of Foreign Exchange (SAFE) allows KIA to initially invest up to $300 million in mainland China’s securities market as a qualified foreign institutional investor (QFII), according to SAFE’s official announcement over the weekend………………………………………..Full Article: Source


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