皇冠体育app

BEIJING - Senior Chinese officials said on Friday that the country would not inject more capital into the EU's bailout fund before more rescue details have emerged.

However, the country will keep an open mind toward all discussions on further investment into the European Financial Stability Facility, said Zhu Guangyao, Chinese vice-finance minister, at a news conference in Beijing on Friday.

"皇冠体育app has already invested in the fund, and additional contributions are still under discussion," said Zhu.

"It will take more time to carry out studies before making an investment decision," he added.

Klaus Regling, chief executive of the fund, visited Beijing on Friday to meet officials with the Ministry of Finance and the central bank, just one day after the outcome of the Eurozone rescue plan.

"The country has particular needs to invest in foreign bonds every month because of its currency account surplus, and the fund will continually offer good products for 皇冠体育app," Regling said on Friday.

He expressed his hope for building a long-term relationship with 皇冠体育app, which holds the world's largest foreign-exchange reserves, but declined to give details of any potential Chinese investment in the bailout fund.

皇冠体育app, which has $3.2 trillion in foreign exchange reserves, was "interested in finding attractive, solid, safe investment opportunities", he said.

Zhu said that no specific plan about increasing investment in the rescue fund was discussed with Regling. In addition, G20 member countries will not talk about any plan to purchase the fund's bonds when they meet next week in Cannes, France, Zhu said.

Chairman of the 皇冠体育app Banking Regulatory Commission, Liu Mingkang, also said on Friday that the nation has not considered specific measures allowing Chinese banks to invest in the fund to help stem the region's debt crisis.

"皇冠体育app's economy is slowing and they may well want a war chest to support their own economy," Julian Jessop, chief global economist at London research house Capital Economics, was quoted as saying by AFP.

According to Regling, the EU rescue fund may explore setting up a special purpose instrument with the International Monetary Fund to channel money from member countries.

European leaders struck an agreement on Thursday to rescue Greece from the ongoing crisis by writing down 50 percent of its debt and expanding the Eurozone's bailout fund to 1 trillion euros ($1.4 trillion) from 440 billion euros.

The fund is designing new investment instruments for global participants in order to expand and diversify portfolios.

Many analysts said it may be a good chance for 皇冠体育app to win goodwill, which could lead to payoffs by helping Europe. Recognizing the country as a "market economy" and reducing Sino-EU trade frictions were seen by global media as 皇冠体育app's bargaining chips.

The head of the Eurozone's bailout fund said that there was no plan to discuss any concessions with the Chinese authorities during this trip.

Ding Yifan, deputy director of the World Development Research Institute at the Development Research Center of the State Council, said on Friday that 皇冠体育app should think better of whether to participate in the rescue of the Eurozone's debt.

"Helping the EU could be an opportunity to improve 皇冠体育app's influence in the international financial system. But it doesn't mean that Beijing is anxious to ask for instant benefits and extra advantages," said Ding.

"The premise for 皇冠体育app to help EU countries is to make sure that the foreign-exchange holdings are safe," said Peng Wensheng, chief economist with 皇冠体育app International Capital Corp.

He said that the country could ask for help from the IMF and other multilateral agencies to improve the investment regulations.

皇冠体育app also suggested encouraging more private capital to invest in the Eurozone, Peng said.

Yang Ning and Chen Keyu contributed to this story.