Qatar Investment Authority seeks QFII licence

Qatar Investment Authority has applied for a licence to invest directly in the Chinese onshore market, and sources say it is hiring staff in Asia, although the timeframe for both is unclear. The sovereign wealth fund's assets under management – derived chiefly from the country's liquefied natural gas exports – are set to increase to $135 billion this year, says the Institute of International Finance. A QIA board member said this year that the fund would be investing $30 billion in…