Finance Minister Bill English has spoken to the Chinese investors who have reportedly set aside $6 billion to invest in New Zealand.
Speaking from Hong Kong this morning, English said he met with the top brass of Chinese Investment Corporation (CIC) about a month ago.
He also met this week with political leaders and cash lenders in Singapore and Hong Kong.
''They've [CIC] got literally trillions of dollars. It's quite possible that they have allocated a very, very small amount of it to New Zealand. But we're not familiar with the numbers, we haven't had that sort of direct discussion with them,'' English said.
The New Zealand dollar rose to its highest level against the greenback in just over three years after a report yesterday that CIC was lining up $6 billion of spending on New Zealand bonds and assets.
English said CIC was ''interested in taking part in our bonds tenders''.
''There is increasing interest there, particularly in the last three or four months,'' English said.
''The Asian Government all have large surpluses and they're trying to invest them somewhere apart from in lending it to the United States. We've had growing interest which means we're now paying lower interest rates on our debt.''
There was ''a rough idea'' of who was buying the debt but it was ''a bit hard to tell'' with complex financial instruments masking the origin of debt purchases.
English singled out Singapore, Hong Kong, China and Malaysia as interested countries.
''All of these countries now have very large reserves and they are financing a lot of developed countries who are borrowing large amounts of money. We are just one of them and that's the way the world has changed. The vast bulk of the reserves are in the Asia Pacific area and the debt is in Europe and the US.''
Go back to the humble NZ we were, worrying too much about what everyone else thinks of us and not looking at our grass roots. It will all be too late, fucken politics fucking everything up. Oh and Key is probally gonna sell those Farms too, biggest Farming asset in NZ to the Chinese as a majority stake holder. Fucken fantastic.
Where are the riots and government buildings been blown up nowadays.