UPDATE 1-Qatari banks, Southwest Securities plan Islamic finance venture in China

April 14, 2015 8:46 AM

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DOHA, April 14 (Reuters) - Two Qatari banks and Chinese brokerage Southwest Securities signed a memorandum of understanding on Tuesday to establish a company handling Islamic finance deals in China.

At present there is very little Islamic finance activity in China, but the country's population of Muslims is estimated at over 20 million so some bankers see room for the industry to develop.

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