NEWS
SAFE dishes out record QFII quota to Qatar Holding
12 December 2012
Category:
News, China, Global
By Asia Asset Management
China’s State Administration of Foreign Exchange (SAFE) announced on Tuesday (December 11) that it awarded a fresh batch of QFII quota worth US$2.47 billion to 11 foreign institutions in November.
Among which, Qatar Holding LLC was awarded $1 billion, which makes it the largest single lot of QFII quota handed out to a foreign institution. Hai Tong Asset Management (HK) and Janus Capital received $100 million each. SUVA Swiss National Work Injury Insurance Institutions, Macquarie Bank, and Ontario Pension Board were granted a quota of $300 million, $200 million, and $150 million, respectively.
HSBC was granted an additional $200 million quota and Hang Seng Bank renewed its $50 million quota. Merrill Lynch International, Schroder Investment Management, and Korea Development Bank were awarded additional quota of $200 million, $125 million, and $50 million, respectively.
Meanwhile, SAFE granted $350 million in QDII quota to CITIC Trust last month.
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