Qatar seeks $5bn China investment

24 June 2012 Last updated at 21:33 ET

Yuan notesChina is trying to attract foreign investment in a bid to stimulate a new wave of economic expansion.

Qatar has said it is applying for a licence under China's Qualified Foreign Institutional Investor (QFII) programme to invest in its capital market.

It is seeking an investment quota of $ 5bn (£3.2bn), five times the current cap of $ 1bn, according to the Xinhua news agency.

This comes just days after China said it was looking to ease the entry rules for foreign investors.

Qatar said it will invest the funds mostly in China's equity market.

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