Chinese authorities have granted Kuwait Investment Authority (KIA) an initial $300 million quota to buy yuan-denominated stocks and bonds, enabling it to diversify its assets, state news agency KUNA reported.
The Gulf state’s sovereign wealth fund can initially invest up to $300 million in mainland China’s securities market as a qualified foreign institutional investor (QFII), according to an announcement by China’s State Administration of Foreign Exchange (SAFE), KUNA said………………………………………..Full Article: Source