Korea’s NPS sets targets after winning QFII permit
The $300 billion pension fund is hopeful it will receive a quota by the second half of this year to begin investing in mainland Chinese securities and is busy preparing internally.
Korea’s National Pension System says it expects to know within three months how much it can invest in Chinese securities after receiving a qualified foreign institutional investor (QFII) licence.
The largest of Korea’s pensions funds revealed at the weekend it had been granted permission by the China Securities Regulatory Commission (CSRC) to buy stocks and bonds on the mainland. It must now await a quota from the State Administration of Foreign Exchange (Safe).
An NPS insider t…
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