| Kuwait Investment Authority (KIA) has obtained an initial USD 300 million 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 USD 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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