China Investment executive vice president Jesse Wang was quoted as saying by RTT news that the funds were a one-time injection and any future capital will have to be applied for separately.

"China Investment will not be participating in efforts led by the Chinese government to help Europe resolve its debt crisis," Wang told the news agency.

CIC is a sovereign wealth fund responsible for managing part of the People’s Republic of China’s foreign exchange reserves.

Established in 2007, CIC owned nearly $200bn of assets under management and since inception, its assets have grown to $410bn by the end of 2010.