China's currency regulator has awarded Bank Negara Malaysia an additional $500m in QFII quota, meaning it becomes the seventh asset owner to have received $1.5bn overall.
The arm of the Singapore state fund has become the third institution to exceed $1 billion in qualified foreign institutional investor quota. There were also other chunky QFII handouts last month.
Bank Negara Malaysia becomes the eighth manager to hit $1 billion in QFII quota after receiving $600 million in Safe's July batch. Ontario Teachers is among the other winners.
Muhammad Bin Ibrahim, deputy governor of the central bank, points to the potential benefits of asset classes such as commodities and equities.