Norges Bank second to surpass $1bn in QFII quota

Norway's central bank has become the second overseas institution to be awarded more than $1 billion in qualified foreign institutional investor (QFII) quota from China's State Administration of Foreign Exchange (Safe). The Hong Kong Monetary Authority (HKMA) was the first foreign institution to surpass that mark in August. A month later, in September's round of handouts, Norges Bank received $500 million, bringing its total QFII quota to $1.5 billion.   China's foreign exchang…