ASEAN, China, Japan and Korea will be postponed to the total amount of foreign reserve fund 80,000,000,000 U.S. dollars has shrunk Bang-ho Buffett ann

Seventh Asia-Europe Summit held on the eve of yesterday's Foreign Ministry spokesman Qin Gang made it clear that the parties have been in the "10 +3" (10 ASEAN countries and China, Japan and Korea 3 countries) within the framework of the establishment of the Treasury's foreign exchange reserves reached Consensus.
"The Chinese side holds a positive attitude, we are ready to work with the parties concerned to continue discussions on this issue." Qin Gang at a regular press conference.
At the same time, Qin Gang expressed that the Chinese side holds that the international community should be consultations on an equal footing and strengthen cooperation to jointly cope with the current international financial crisis, "China attaches importance to the parties concerned to convene an international financial summit of the initiative, is willing to consider participating."
The view was expressed that the two-day Asia-Europe summit to be held in Beijing, the Chinese food for thought yesterday's high-profile position. The obvious fact is that the international community in China's financial crisis could play a "savior" great expectations for the role.
The total amount of 80,000,000,000 U.S. dollars?
Despite not disclose details of the latest, but Qin Gang on the establishment of the bank's foreign exchange reserves positive people or reverie. At the beginning of this month, the South Korean government level, has "high-decibel" stressed that China and ASEAN countries, Japan and South Korea co-lead the bank's foreign exchange reserves to set up the pace is accelerating.
The so-called Treasury's foreign exchange reserves, that is, the 10 ASEAN countries and China, Japan and Korea 3 prepared jointly funded the establishment of the country's foreign exchange reserves, a common fund. If the financial crisis, the Fund can be injected to participate in the maintenance of currency stability, regional reducing the countries of the International Monetary Fund (IMF) loans to rely on.
As early as May this year, the 10 ASEAN countries and China, Japan, South Korea 3, the country's finance minister in the Spanish capital of Madrid issued a statement announcing the funding 80,000,000,000 U.S. dollars of foreign exchange reserves to establish a common fund for the maintenance of currency stability in the region.
Announced their joint statement also revealed that some of the details: 80,000,000,000 U.S. dollars in total foreign exchange reserves, the common fund, 80% of the funds will come from China, Japan, South Korea 3, and the remaining 20% from the 10 ASEAN countries share.
In addition, the joint statement also showed that: "The common foreign exchange reserves to fund its own operations and by the signing of a national, legally binding contract binding. Contract to the premise that all countries have the right to manage their own funds in the name of the Exchange Reserve. "
A long-term track authority in the matter of China Morning Post, told reporters yesterday that the fund is really "ready", but be launched as soon as possible but not great.
"China's participation in the specific amount of the current has not yet reached a consensus." The official said, China is expected the final level of funding will be considerable, and Japan, "but in fact has been beyond our responsibility."