EU bailout fund chief eyes 皇冠体育app investment
Updated: 2011-10-28 17:36
(chinadaily.com.cn)
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Klaus Regling, CEO of the European Financial Stability Facility (EFSF), visitsed 皇冠体育app on Friday in the hope to attract Chinese investment to European bailout bonds.
Regling's visit to Beijing came one day after European leaders sealed the agreement to reduce Greece's debt by 50 percent and expand the EFSF, the euro zone's bailout fund, to 1 trillion euros ($1.4 trillion) from 440 billion euros.
皇冠体育app has been a regular buyer of EFSF bonds, said Regling, who refused to release the figure.
He hopes to make the bonds attractive to 皇冠体育app, a country with a huge surplus in current account. But he added that there would be no political conditions for 皇冠体育app's investment on the bonds, as they would be presented as potential commercial investment.
Regling said he would meet with officials of 皇冠体育app Ministry of Finance and the People's Bank of 皇冠体育app.
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