Bloomberg News

China Weighs EU100 Billion Input Into EFSF Fund, FTD Reports

By Brian Parkin
October 28, 2011

Oct. 28 (Bloomberg) -- China is weighing putting up to 100 billion euros into the enhanced European bailout fund against conditions, the Financial Times Deutschland reported.

Potential conditions include holding a part of the investment in renminbi, the participation of other states and the security of the investment, the newspaper reported, citing Chinese central bank official Li Daokui. Such an investment may flow directly into the fund, called the European Financial Stability Facility, or into a proposed special investment vehicle for external investors, FTD said.

To contact the editor responsible for this story: Brian Parkin at bparkin@bloomberg.net

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