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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment, Market

China pledges to invest in Europe bailout funds, hold euros

Posted on 16 February 2012

China is considering funding options for the EFSF and the ESM through the International Monetary Fund, Wen said on Feb. 2 after meeting German Chancellor Angela Merkel in Beijing. Officials previously said they needed more details on any plan to contribute funds.
Zhou said today that China can channel its investments through three avenues. The central bank can participate through foreign-exchange reserves it manages and a second option is support from China Investment Corp., the country’s sovereign- wealth fund………………………………………..Full Article: Source


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