NEWS
China’s SAFE announces latest QFII quotas
09 October 2012
Category:
News, Asia, China
By Hui Ching-hoo
China’s State Administration of Foreign Exchange (SAFE) announced, ahead of the National Holiday (October 1 to October 5), that it had awarded US$600 million in QFII quotas to five foreign institutions: Nan Shan Life Insurance, Prescient Investment Management, Mizuho Asset Management, Board of Regents of the University of Texas System, and Earnest Partners.
Of these, Prescient and Board of Regents of the University of Texas System were awarded $100 million each. Nan Shan, Earnest Partners, and Mizuho received quotas of $200 million, $150 million and $50 million, respectively.
SAFE had approved a total of $30.8 billion in QFII quotas to 157 foreign institutions as of the end of September.
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