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Five institutional investors obtained approval from the China Securities Regulatory Commission in May to operate under the Qualified Foreign Institutional Investors program, according to the commission.
Four of the five are Hong Kong subsidiaries of Chinese enterprises.
By the end of May, the total number of QFII reached 225.
The State Administration of Foreign Exchange approved a $1.34 billion quota for QFII in May, a surge from $137 million in April.
By the end of May, the SAFE approved a combined quota of $42.6 billion for 202 QFII.
Faster nod for QFII to tap capital market
2013-06-18Record number of QFII accounts in March
2013-04-12China accelerates opening up of QFII process
2013-01-17Regulators to raise QFII limit
2012-12-1864 more institutions enter China via QFII
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