By introducing a 4x4 matrix spectral problem with three potentials, we derive a new hierarchy of nonlinear evolution equations. A typical equation in the hierarchy is a coupled KdV equation. It is shown that the hierarchy possesses the generalized bi-Hamiltonian structures with the aid of the trace identity. Through the nonlinearization of eigenvalue problems, we get a new finite-dimensional Hamiltonian system, which is completely integrable in Liouville sense. In the end, we obtain the involutive solution of the coupled KdV equation.
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