Report: China premier's family denies huge wealth

BEIJING -- A Hong Kong newspaper says Chinese Premier Wen Jiabao's family has denied a report that it has amassed assets worth $2.7 billion.

The New York Times reported Friday that most of the wealth was accumulated after Wen rose to high office in 2002.

The South China Morning Post on Sunday published a letter from lawyers of Wen's family that said the "hidden riches" mentioned in the report do not exist. It said those family members who are engaged in business have not conducted any illegal activities and do not hold any shares in any companies.

The New York Times has said it stands by its story.

The report is a blow to Wen's reputation as a politician concerned with bettering the lives of ordinary Chinese.