Bank of Korea holding out for QFII quota

Bank of Korea says it hopes to invest in onshore Chinese securities as early as the first half of this year after it became the first of three Korean government entities to receive a QFII permit within a month. The central bank, which has $310 billion in foreign exchange reserves, was awarded a qualified foreign institutional investor (QFII) licence by the China Securities Regulatory Commission (CSRC) on December 21. That was just a week before the Korea Investment Corporation (…