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China's Investment in S. Korea to Spike
Date
2012.04.05
Views
1309
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China's investment in the South Korean financial market is expected to rise nearly four-fold over the next two to three years on the back of Chinese investors' overseas push, a report said Thursday.

Chinese investment in the South Korean financial market will likely reach US$1.5 billion by 2015, up from the current $420 million, according to the report by the Korea Center for International Finance (KCIF).

"A large amount of money is likely to flow into South Korea from China as Beijing is poised to expand its overseas investment sharply," the center said.

In March, China's central bank announced a three-phase plan to open its financial market, including measures to promote overseas investment by qualified institutional investors.

Once the measures are implemented as planned, China's qualified institutional investors will see their investment cap triple to $229.3 billion, of which 4.6 percent could be poured into South Korea, the KCIF said.

Also luring Chinese investors to put more money into overseas markets will be such factors as the easing of international financial uncertainties and weakening expectations for the yuan's appreciation against the U.S. dollar, the KCIF said.

China's increased investment in South Korea will likely come as a boon to local manufacturing and service industries, it added.

Source Text

 

Source: Yonhap News (Apr. 5, 2012)

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