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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment, Market

China boosts Kuwait’s quota for investment

Posted on 21 January 2013

China’s foreign exchange regulator has increased the amount which Kuwait’s sovereign wealth fund can invest directly in the Chinese securities markets to $1 billion. The quota allows the fund to buy yuan-denominated stocks and bonds. Only five other foreign investors in China have quotas as large as $1bn.
They are Qatar Holding, the Hong Kong Monetary Authority, Norway’s Norges Bank, Government of Singapore Investment Corporation and Singapore-based investment firm Temasek Fullerton. Kuwait has a sovereign wealth fund managing assets well in excess of $300bn. The fund said last October that its investments in greater China, including Hong Kong, had grown to $15bn………………………………………Full Article: Source


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