China’s State Administration of Foreign Exchange (Safe) granted a total of US$830 million in QFII allocations to eight foreign institutions in June, extending the total quotas awarded under the scheme to 252 entities and $56.5 billion.
New QFII participant Oppenheimer Funds received a quota of $200 million, while the other two newcomers, Overlook Investments and Taishin International Bank, were awarded a quota of $100 million each.
Existing players William Blair & Company, Prudential Financial Securities Investment Trust Enterprise, and Neuberger Berman Europe, were handed out quotas of $100 million, $50 million, and $75 million, respectively.
Meanwhile, Safe awarded Aberdeen Asset Management Asia and Platinum Investment Company quotas of $55 million and $150 million, respectively.
Separately, Safe dished out a total of 4.4 billion RMB ($704 million) in RQFII quotas to five new institutions in June. Nikko Asset management Asia, CMS Asset Management and Yue Xiu Asset Management each received an allocation of one billion RMB. Fullerton Fund Management and Pureheart Asset Management were awarded quotas of 1.2 billion RMB and 200 million RMB, respectively.
Up to the end of June, Safe had granted a total of 250.3 billion RMB in RQFII quotas to 71 financial entities.
