The State Administration of Foreign Exchange (SAFE) announced on Friday (August 31) that it dished out US$1.335 billion in qualified foreign institutional investor (QFII) quotas to nine foreign institutions in August.
Of these, the authority has approved a $450 million quota between three new QFII participants: Principal Global Investors, BOCI-Prudential Asset Management, and ING Investment Asia Pacific (Hong Kong). Each received $150 million.
Meanwhile, it granted additional quotas of $885 million apiece to six existing QFII institutions. Samsung Investment Trust Management, Ashmore Investment Management and Nomura Asset Management received $150 million quota each. Commerzbank AG, Robeco Institutional Asset Management, and Allianz Global Investors Luxembourg received the quotas of $250 million, $85 million and $100 million, respectively.
As of the end of August, SAFE has granted total QFII quotas of $29.8 billion, and boosted the number of QFII institutions to 152.
