BoK to invest reserves into onshore renminbi assets

bank-of-korea

The Bank of Korea (BoK) has secured two important approvals from Chinese regulators that will help enable the central bank to invest more of its $300 billion-plus reserves into onshore renminbi assets. The move into renminbi is part of a long-term effort to diversify Korea's reserves assets.

The Korean central bank was granted a quota by the People's Bank of China to invest in the onshore renminbi inter-bank bond market in January this year. Bank of Korea officials, however, declined to provide

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: