Most Popular
-
6
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
![[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/18/20240418050645_0.jpg&u=20240419100350)
-
7
North Korea removes streetlights along cross-border roads with South
-
8
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
9
S. Korea votes in favor of Palestinian bid for UN membership
-
10
Farming households dip below 1m for first time in 2023
![[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/18/20240418050645_0.jpg&u=20240419100350)
[THE INVESTOR] The Korea Development Bank, a state-owned policy bank, said on July 7 that it has started investing in China’s onshore stock markets as a renminbi qualified foreign institutional investor.
The KDB plans to put some 1 billion yuan of funds into securities and bonds listed on Shanghai and Shenzhen Stock Exchange as well as China’s interbank bond market.
The KDB plans to put some 1 billion yuan of funds into securities and bonds listed on Shanghai and Shenzhen Stock Exchange as well as China’s interbank bond market.
“As a policy bank representing Korea, we will play a major role in the financial cooperation between the two countries. The investment is aimed at expanding our foothold in overseas markets in response to the opening of China’s capital market,” the bank said in a press release.
The policy lender received the RQFII license from China Securities Regulatory Commission in June last year which allows approved fund managers overseas to use funds raised outside the mainland, in Chinese yuan, to invest in China’s financial markets.
By Park Han-na (hnpark@heraldcorp.com)
-
Articles by Korea Herald
![[From the Scene] Monks, Buddhists hail return of remains of Buddhas](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/19/20240419050617_0.jpg&u=20240419175937)
![[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/18/20240418050645_0.jpg&u=20240419100350)
![[Today’s K-pop] Illit drops debut single remix](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/04/19/20240419050612_0.jpg&u=)