South Korean fund to invest in China's securities

Note: This section contains information in English only.
Source: BBC

South Korean biggest pension fund, the NPS, has got an approval from officials to invest in China's securities. The NPS announced it is the first pension fund worldwide to win the QFII status. The company will be allowed to trade Yuan-denominated bonds and stocks. The approval was given by Lee Myung-bak, South Korean President.

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