China Awards $4.9 Billion RQFII Quota to Qatar, Signs Swap Pact
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China gave a 30 billion yuan ($4.9 billion) quota to Qatar under the Renminbi Qualified Foreign Institutional Investor program, the first such award of access to its domestic capital markets for a Middle Eastern country.
China’s central bank also signed a 35 billion yuan currency swap arrangement with Qatar, the People’s Bank of China said in a statement yesterday. The three-year deal can be expanded on agreement by the two sides, it said.