Europe still key investment market, says forex regulator

BEIJING - Europe "was, is and will remain" a key investment market for China's foreign exchange reserves, the State Administration of Foreign Exchange (SAFE) said on Thursday.

The euro and European capital markets rallied after China made the announcement.

The Financial Times, citing unidentified banking sources, reported on Wednesday that officials at SAFE had met with bankers in recent days on reviewing its holding of eurozone debt following concerns over the sovereign debt crisis in Europe.