The Kuwait Investment Authority (KIA) has made an $800m investment in the Agricultural Bank of China, in a deal that means Middle East funds will take up more than half of Hong Kong's cornerstone portion of AgBank's $23bn IPO, Reuters has reported, citing unnamed sources. The move follows a $2.8bn investment by Qatar Investment Authority in AgBank, a greater-than-expected amount that gets underwriters closer to its goal of raising around $6bn through cornerstone investors.