The new report by IFSWF and State Street also found strong capital outflows from emerging markets and currencies close to Russia and Ukraine.
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China has scrapped the quota of its two leading inbound investment programmes, but the move appears unlikely to give its onshore capital markets a shot in the arm.
The de facto central bank's commitment to an IFC programme underscored its interest in infrastructure investing, following its opening of an office dedicated to such funding last year.
On Friday China's securities regulator removed the asset allocation limits under the two cross-border investment scheme, in a bid to boost foreign flows.
Beijing has relaxed the renminbi qualified institutional investor (RQFII) quota rules, as it did for the QFII scheme in February. It is hoped the move will address capital-repatriation hurdles to MSCI inclusion.
The Monetary Authority of Singapore is the first central bank to assign renminbi assets as foreign reserves. Other central banks are tipped to follow suit and boost their RMB investments.
The Chinese authorities have moved to address outstanding investor concerns over access to the mainland interbank bond market by issuing guidance and rules on capital remittance.
Awareness of the potential impact of climate change on portfolios is rising, but some institutions – such as China's Safe, China Life and the HKMA – are seen to be taking no action on this front.
China's State Administration of Foreign Exchange has made a significant allocation to domestic equities. Why? And is it reducing its foreign allocation, as some suggest?
Beijing has further liberalised the QFII scheme in respect of the quota approval process and capital repatriation rules – moves seen as targeting A-share inclusion in the MSCI global benchmark.
The US fund house has been handed the largest single RQFII quota to add A-share exposure to its emerging market funds, despite China’s volatile equity market.
China's State Administration of Foreign Exchange faces a huge task managing the world's biggest FX reserves. Appropriately, it has put in place a structure and staff to outdo many of its peers.