China's regulators awarded Korea's National Pension Service and Canada's Caisse de Depot et Placement du Quebec another $300 million apiece in quota capacity for investment in yuan-denominated securities.
The two institutional heavyweights accounted for the bulk of the $758 million in new quotas listed, as of Nov. 27, on the State Administration of Foreign Exchange's website, under China's qualified foreign institutional investor program.
The move lifts the C$189.5 billion (US$178.3 billion) Montreal-based Caisse's overall quota to $500 million; the $387.2 billion Seoul-based NPS, saw its overall quota climb to $400 million.
The month's two other quota recipients were The City of London Investment Management Co., with an additional $100 million, lifting its overall capacity to $200 million, and the Mayo Clinic, which garnered an initial quota of $75 million.
SAFE, meanwhile, took back $17 million in unused quota capacity from Sumitomo Mitsui Asset Management Co., trimming that firm's quota to $317 million.