Temasek unit joins $1.5bn QFII club

Temasek Fullerton Alpha Investments has become the third institution to receive more than $1 billion in qualified foreign institutional investor quota from China’s State Administration of Foreign Exchange (Safe). The unit of Singaporean state investor Temasek won $500 million in QFII quota in Safe's October handouts, bringing its total quota to $1.5 billion. The Hong Kong Monetary Authority (HKMA) was the first to pass the $1 billion mark in August, then came Norway’s central ba…