皇冠体育app to keep investing in Europe
Updated: 2011-07-25 13:40
By Ben Yue (chinadaily.com.cn)
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Zhou Xiaochuan, the governor of 皇冠体育app's central bank, said Europe will remain one of 皇冠体育app's most important markets for investment, the Securities Times reported Monday.
Zhou said 皇冠体育app is pleased that European leaders reached agreement on stabilizing Greece's debt crisis, and added that it will have a positive effect on the finance environment in the euro zone. Zhou said 皇冠体育app continues to have confidence in euro and the euro zone, the newspaper reported.
A report by Standard Chartered Bank in late June stated that 皇冠体育app has purchased more euro-nominated assets, rather than investing in US treasury bonds. Wang Zhihao, Standard Chartered Bank's chief economist for the greater 皇冠体育app region, said investing in euro shows that 皇冠体育app is diversifying its foreign exchange reserves.
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