Bloomberg News

Hungarian Ministry Says China Funds Will Continue to Buy Bonds

November 16, 2011

Nov. 16 (Bloomberg) -- Chinese financial institutions and investment funds will buy more of Hungary’s government bonds, the east European country’s Development Ministry said today after Minister Tamas Fellegi met Chinese central bank officials.

The ministry, which was commenting in an e-mailed statement after a visit to China by Fellegi, didn’t detail the size or timing of the Chinese bond purchase plans.

Chinese Premier Wen Jiabao said in Budapest in June that his country will buy a “certain amount” of Hungarian government bonds and remains a “long-term investor” in European debt markets.

--Editors: Alan Purkiss, Tim Farrand

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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