SAFE dishes out record QFII quota to Qatar Holding
12 December 2012
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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