As of July 27, Singapore-based Phillip Capital Management was the only firm to receive new quota, which amounted to RMB 420m ($63m), according to the latest data from the State Administration of Foreign Exchange.
The Renminbi Qualified Foreign Institutional Investor (RQFII) scheme allows offshore RMB investments in the mainland.
So far, a total of 169 institutions have been granted RMB 508bn of RQFII quota, largely the same from a month ago.
The QFII programme, which allows offshore US dollar investments in China, has seen reductions in quota.
Six firms saw their QFII quota shrink by a cumulative total of RMB 800m. They include Lehman Brothers International (Europe), Barclays Bank and Henderson Global Investors, all of which are based in the UK. From Hong Kong, BOCI-Prudential Asset Management and BOC Group Life Assurance, and from the US, Hansberger Global Investors.
Lehman Brothers International and Hansberger Global Investors now have zero quotas after the reductions.
An exeception is Hong Kong-based JF Asset Management, which received $1bn of additional QFII quota this month, apart from the $375m QFII quota it received earlier.
In June, China annnounced it would grant RMB 250bn of RQFII quota to US firms, but no actual approvals have been made so far.