BEIJING China's purchase of euros will be a long-term strategy and will not swing on short-term problems, the Hong Kong head of China's $300 billion sovereign wealth fund said on Sunday.
"There is noting to be worried about. The euro will not fall apart," Laurence Lau, chaiman of the Hong Kong office of China Investment Corp, told reporters on the sidelines of a forum in Beijing.
Lau made general comments on China instead of his organisation's investment strategies.
He added that the Greek debt crisis will eventually be brought under control and be solved.
In Hungary, Chinese Premier Wen Jiabao said on Saturday he was "still confident" that Europe can overcome the debt crisis and that China would remain a long-term investor in Europe's debt market.
(Reporting by Zhou Xin and Terril Jones; Editing by Benjamin Kang Lim and Sanjeev Miglani)
Trending On Reuters
India hanged Yakub Memon on Thursday for his role in the country's deadliest bombings, which killed at least 257 people in Mumbai in 1993, after the Supreme Court rejected a desperate overnight plea to delay his execution. Full Article | Video
Samsung Electronics cautious on outlook, says mobile business environment tough Full Article