China's Wen says investment won't affect dollar

China's prime minister, Wen Jiabao, tried to reassure the world about the country's financial goals Friday 16 March, saying the planned company to invest some of the $1 trillion in reserves won't affect dollar-denominated assets.

At a news conference, Premier Wen Jiabao appeared to squash suggestions it might roil markets by diverting money that Beijing now holds largely in U.S. Treasuries.

"I can assure you that by instituting such a foreign exchange company, it will not have an impact on U.S.