Bloomberg News

CBRC Hasn’t Considered Letting Chinese Banks Aid Europe

October 28, 2011

Oct. 28 (Bloomberg) -- China Banking Regulatory Commission Chairman Liu Mingkang said the nation hasn’t specifically considered allowing Chinese banks to invest in the European bailout fund.

“We’re still waiting for new achievements” in European efforts to stem crisis, Liu said at a conference in Beijing today. He said China hasn’t considered specific measures to aid European efforts to resolve the region’s debt crisis.

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