China’s State Administration of Foreign Exchange extended another $1 billion in quota capacity to the Abu Dhabi Investment Authority on Dec. 25, lifting the sovereign wealth fund’s total under the state’s qualified foreign institutional investor program to $2.5 billion, according to SAFE’s latest monthly listing of QFII quotas Monday.
The Christmas top-up leaves ADIA on par with Norges Bank and the Hong Kong Monetary Authority as the QFII participants with the biggest quotas, $2.5 billion apiece.
Another foreign asset owner — Portuguese insurer Fidelidade-Companhia de Seguros SA — received an initial quota of $700 million. Fosun International Ltd., a Shanghai-based investment conglomerate, acquired an 80% stake in the company last year.
For the month, SAFE issued a net addition of roughly $2 billion in quotas, lifting the total since the QFII program was launched more than 12 years ago to $81.1 billion.