LONDON, Sept 29 China cannot give financial
assistance to the heavily indebted euro zone countries without
seeing a clear picture of solutions to sovereign debt problems,
chairman of the country's sovereign wealth fund said on
Jin Liqun, chairman of the board of supervisors at China
Investment Corporation, also urged Europe to recognise China's
"We in China are concerned about the unravelling of the
situation in the (euro zone) region," Jin told a conference in
"China cannot (give support) without due diligence.
China cannot be expected to buy high risk euro zone
(instruments) without a clear picture of debt workout
Jin, who was also former vice finance minister of China,
said keeping investment and trade flows open was essential for
Europe, adding that he was optimistic about Europe's outlook.
"EU countries still enjoy competitive advantage in number of
areas such as science and technology, manufacturing and luxury
products... Over time, economies in the EU will be out of woods.
We're optimistic for the outlook."
CIC manages assets worth around $230 billion.
(Reporting by Natsuko Waki; Editing by Toby Chopra)