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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

S.Korea KIC applies for China QFII licence

Posted on 06 May 2011

Korea Investment Corp (KIC), South Korea’s $35 billion sovereign wealth fund, has applied for a licence that will allow it to invest in China’s bond and stock markets as it seeks to diversify its investments from dollar-based assets, a local newspaper reported on Thursday.

The Chosun Ilbo daily report comes as South Korea prepares to allocate part of its $307 billion in foreign exchange reserves to yuan-denominated assets………………………………………Full Article: Source


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