Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

English Says CIC Investing in N.Z. Debt Wouldn’t Be Surprise

New Zealand Finance Minister Bill English said investments in his government’s bonds by China’s sovereign wealth fund wouldn’t be surprising after a report the Beijing-based company may buy some of the island nation’s debt.

“I wouldn’t be surprised if they allocate a tiny slip of it to New Zealand and a slightly larger slip of it to Australia,” English said at an event in Hong Kong today.

Asian nations are seeking to diversify record foreign-exchange holdings as the U.S. dollar’s decline threatens to erode returns. China Investment Corp., a $300 billion fund, may have set aside 1.5 percent, or about NZ$6 billion ($4.9 billion), of its reserves to invest in New Zealand, reported earlier today, citing an unidentified person.

Chinese investors “realize if they don’t want political opposition to their investments, which is easily inflamed in most of the developed world, they need to tread pretty carefully,” he said.

China’s sovereign fund may have allocated 2 percent of its reserves for Australian assets, the Auckland-based website reported.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.