|10-02-2014, 04:20 PM||#1|
China, Qatar to expand bank operations alliance
China and Qatar are looking forward to expand their banking operations in both countries under Qatar Financial Centre and the Commercial Bank of China (ICBC).
China views the Qatar financial market as the most attractive terrain for safe investments in the Middle East, where it sent banking and financial officials to visit a Qatari delegation headed by Qatar Central Bank (QCB).
Several Qatar-based Islamic banks plan on opening branches in China as soon as they receive the approval of the Chinese authorities.
Funding potentials of several development projects in China and Qatar are as well being discussed along with the possibilities of allowing Qataris to invest in bonds issued by Chinese government.
A prospering financial future is sensed for both countries amid fresh projects to come and fiscal alliances being discussed for several development projects.
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