* Wealth China funds nie examines the investment of $9 bln
* Source in Madrid, said report was "communication error".
* Bank of the reports of the Spain on banks for financing plans Thursday
* Bank of Spain lower ECB debt in 3 years
(A recast, adds comment, details)
By Paul Day
(MADRID, April 14, Reuters) - China is interested in investing in the banks of the Spain savings, a Spanish source insisted on Thursday, brushing off a denial of Beijing News expected on how markets sick lenders plan to plug financing gaps.
All beginning, China Investment Corp., sovereign investment fund of the country, said Thursday that he did not contemplate an investment of $ 9 billion, after an another Spanish source said China may inject a total of $ 13 billion in the sector of the difficulty. [ID: nL3E7FE0CP]
"It was a communication error." There is a willingness to invest in the credit unions of the Spanish debt... but clearly, we cannot give specific amounts or name particular fund, the second source - as the first, the Government - said.
"Reports are without foundation and do not conform to the truth," an officer CIC, speaking on condition of anonymity, told Reuters earlier in Beijing.
The Spain is under intense scrutiny by the international debt markets concerned fourth largest economy in the euro area will follow the Greece, the Ireland and Portugal in seeking a bailout supported by the European Union and the IMF.
Demand of investors premium hold that Spanish on German debt has fallen since the Portugal announced that he would need to ask for help, although rose again to about 190 basis points Thursday, up to about 9 basis points on the day.
A trader said that the increase is due to a recent rebound of the outperformance and not a sign more in addition to risk of contagion among peripheral economies. [ID: nLDE73D0IB]
It is unclear what terms could make a considerable investment risk in Spanish banks attractive in China. CIC has invested prudently in foreign financial markets in the past two years, partly to avoid any criticism is wasted reserves.
But an economist, said that the refusal of CIC was more likely to reflect a diplomatic gaffe that an overhaul of the policy.
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