12.03.2012 - KIA wins $300 mln quota in Miyoko Ishigami
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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