Khazanah handed QFII quota in record time
The Malaysian sovereign wealth fund waits just a month for its $250 million QFII quota. It is one of five foreign institutions to get a new batch of allowances totalling $700 million.
China’s foreign exchange regulator has granted a QFII quota to Malaysian sovereign wealth fund Khazanah Nasional just a month after it was awarded its licence in a batch of new approvals totalling $700 million.
The Malaysian government’s investment arm received $250 million on April 10, the State Administration of Foreign Exchange (Safe) noted on its website this week. That comes after Khazanah was handed its QFII licence by the CSRC just 33 days beforehand on March 7.
Overall i…
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