China Doubles Malaysia Central Bank's Investment Quota In July

China's foreign exchange regulator more than doubled Malaysia's central bank investment quota, one of eight overseas institutional investors sharing the net $1.49 billion awarded in July for them to buy onshore-listed Chinese stocks and bonds.

Bank Negara Malaysia was awarded $600 million more in July, becoming the eighth manager to be awarded a net $1 billion, joining the likes of the Government of Singapore Investment Corporation and Hong Kong Monetary Authority, according to data published by the State Administration of Foreign Exchange.

This comes after the China Securities Regulatory Commission (CSRC) almost doubled in mid-July the quota of the Qualified Foreign Institutional Investor (QFII) scheme to $150 billion. China International Capital Corporation Hong Kong Asset Management Ltd, China Everbright Investment Management Ltd and Bosera Asset Management (International) Co Ltd were each awarded $100 million, while the Trustees of Columbia University in the City of New York, had its quota deducted by $10 million, the data shows, without elaborating.

 Meanwhile, the China Securities Regulatory Commission's latest data showed it issued new QFII licences to four overseas investors in June. - Reuters