BlackRock (Singapore) was granted RMB 20bn, Avanda Investment Management, also based in Singapore, was offered a quota of RMB 700m, and the German unit of Nomura Asset Management received a RMB 540m quota.
Blackrock overall has $4.91bn in investment quota to invest in onshore China, the firm said.
In the past, Blackrock Asset Management North Asia was given a quota of RMB 2bn and Blackrock Advisors (UK) another RMB 2.1bn.
The Renminbi Qualified Foreign Institutional Investor scheme allows offshore RMB investments into the mainland while QFII allows offshore US dollar investments in China. The two schemes are the most common ways for overseas investors to access the onshore market.
The cumulative amount of RQFII quotas issued to foreign investors since the program began is RMB 501bn, which was given to 165 financial institutions from nine countries and territories.
Total QFII quota issuance since the scheme started is $81.1bn across 273 firms as of May, according to SAFE data.
New names receiving QFII quotas include two Taiwan firms, Hua Nan Investment Trust Corp and Jih Sun Securities Investment Trust, which received quotas of $52m and $50m respectively.
