The loosening of restrictions has increased the value of investments of foreign institutional capital in Mainland China approved by the authorities there, Xinhua reports.

The Chinese government-run news agency says the cumulative value of approved investments made by Qualified Foreign Institutional Investors (QFIIs) was about US$84.4 billion on October 27, or US$2.7 billion more than at the end of last month.

The report says the cumulative value of approved investments denominated in yuan made by Renminbi QFIIs increased by 3.65 billion yuan (US$538 million) to 514.99 billion yuan.

China’s securities regulator announced last month the removal of asset allocation restrictions on QFIIs, Xinhua says.