In January, Fidelity Investments (Singapore) and Goldman Sachs Asset Management International received RQFII quotas for the first time with amounts of RMB 460m and RMB 694m, respectively.
The two firms already have QFII quotas. Fidelity Investments Management (Hong Kong) has $1.2bn and Goldman Sachs, Goldman Sachs International and Goldman Sachs Asset Management together have combined quotas of $902m, according to China’s State Administration of Foreign Exchange.
SAFE did not give any new QFII quotas this month, the records show.
China’s renminbi qualified foreign institutional investor (RQFII) and qualified foreign institutional investor (QFII) schemes allow foreign institutional investors to invest in onshore assets using offshore RMB and US dollars, respectively.
Separately, the China Securities Regulatory Commission granted DA Cheng International Asset Management Company a QFII licence and Pioneer Asset Management an RQFII licence in December, according to the regulator’s records.
Since the programmes began, in total, SAFE awarded around RMB 529.6bn ($77bn) in RQFII quotas to 179 licence holders and $87.3bn in QFII quotas to 276 licence holders, according to SAFE.
In total, there are 217 RQFII and 305 QFII licence holders, according to the CSRC.
