China's regulators awarded Singapore's GIC Private Ltd. and the Monetary Authority of Macao $500 million apiece in quota capacity for investments in the country's domestic capital markets, according to data posted Monday on the website of China's State Administration of Foreign Exchange.
The latest award was the GIC's fifth since late 2005, lifting the sovereign wealth fund's combined quota to $1.5 billion.
It was the first quota for the Monetary Authority of Macao.
A handful of banks, brokers and insurance companies got another $450 million in quotas in March, while ING Bank NV relinquished $190 million of its outstanding quota of $400 million.
That left a net award of $1.26 billion in quotas for March, bringing the combined total since China launched its qualified foreign institutional investor program more than a decade ago to $53.6 billion.
