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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Compliance/Regulation/Legal

KIA licensed USD 1 bln in China interbank bond market

Posted on 19 October 2012

China’s Central Bank has recently granted a 6.5 billion Yuan ($1 billion) license to Kuwait Investment Authority (KIA) to invest in the domestic interbank bond market, KIA Managing Director Bader Al-Saad said Thursday.
Kuwait’s news agency (KUNA) quoted Al-Saad as saying that the KIA has also fully invested an initial quota of $300 million in the Chinese securities market after Beijing’s approval in March. He added that the investment authority will request for the balance of $700 million allocation from the Chinese authorities shortly, hoping the request would be approved by China at an opportune time………………………………………..Full Article: Source


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