MUNICH Feb 1 The head of China's sovereign
wealth fund urged European and U.S. officials on Friday not to
see Chinese investments as a threat to their national security
interests, saying his country would not put money into "anything
Jin Liqun, chairman of China Investment Corporation's
supervisory board, told a conference of politicians, security
officials and diplomats in Munich that his fund thought it was
"a very good time to invest in this part of the world".
There is "no reason why we should be pessimistic about
Europe," he also told the conference, which included senior
economic officials from the euro zone such as German Finance
Minister Wolfgang Schaeuble.
"But I hope you will be open. You should not be obsessed
with so-called national security," he said, speaking in English,
in a panel debate.
"Let me assure you we will not touch anything which is
sensitive, we will not do anything in any sector, or work with
any company in Europe or in the United States which would imply
national security for you," said the official.
He gave the example of his fund's investments in London's
Heathrow Airport and London utility Thames Water, saying "some
Americans" were surprised that Britain allowed China to take
major stakes in such strategic businesses.
"Some people say 'Are you afraid of the Chinese poisoning
the water?' That would be crazy," he said. "We are financial
investors. We give you the money, we put our money in any
company without meddling with your management."
He said the main problem for the European Union's single
currency zone in tackling the sovereign debt crisis, is to
muster enough political will to carry out unpopular reforms,
especially those affecting the job market.
"In spite of demonstrations in some cities like Athens or
Madrid I believe, through my research, that the mainstream, the
general public, are supportive of the austerity measures," he