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Qatar joins RQFII party with $4.9 billion quota
Petro state Qatar became the first Middle Eastern nation to be awarded RQFII status by Chinese financial regulators, receiving an investment quota of 30 billion RMB. The announcement comes as China pushes for the internationalisation of the RMB as a reserve currency to rival the US dollar. It has so…
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Click here to read the full story: Asia Asset