The Bank of Korea said on Monday it has been allowed to invest in China’s stock market.
China’s State Administration of Foreign Exchange set the investment limit at up to $300 million for Korea’s central bank on Friday, an approval process for investment in the main bourse.
The BOK already obtained the license from the Chinese authorities to invest in the inter-bank bond trades, which are functioning as an over-the-counter market, in January this year.
The central bank said it will begin investing in assets in the Chinese yuan in the near future once the technical preparations are completed.
(
insight@heraldcorp.com)
