Bilateral deal

2008-6-14  |     NEWSPAPER EDITION

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-- Adverstisement --

CHINA has agreed to allow the nation's banks to invest in South Korea's capital market, South Korean regulators said. The agreement, signed on Thursday between the countries' two regulators, might help South Korea attract as much as US$6 billion over the next two or three years from Chinese financial firms, the Financial Services Commission said yesterday in an e-mailed statement.

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