China Interested in Buying N.Z. Government Bonds, English Says

New Zealand Finance Minister Bill English said that China Investment Corp., a sovereign wealth fund, has expressed interest in buying his country’s government bonds at auction.

Singapore, Hong Kong and Malaysia also are interested in buying New Zealand debt as Asian governments seek to reduce their reliance on U.S. dollar assets when investing their reserves, English was cited as saying by the Marlborough Express, a newspaper based on New Zealand’s South Island. English’s comments were accurately reported by the newspaper, Craig Howie, a spokesman for the minister, said by phone from Wellington.