China awards QFII quota to British Columbia Investment Management
By Douglas Appell | March 19, 2013 3:44 am
The C$92.1 billion (US$90.2 billion) British Columbia Investment Management Corp. was awarded a US$100 million quota by China's State Administration of Foreign Exchange for investment in local securities, according to information posted on the SAFE website Monday.
SAFE's latest comprehensive listing of quotas awarded to qualified foreign institutional investors showed an additional US$850 million of new quotas extended as of Feb. 28, lifting the combined total since the program's launch a decade ago to US$40.8 billion.
Among other recipients — Hansberger Global Investors (HK), BlackRock (BLK) Asset Management North Asia, Hana Daetoo Securities and Harvest Global Investments — likewise received quotas of $100 million apiece.