CIC eyes greater international role

Sovereign wealth fund shifts strategy considering tightening global liquidity

China Investment Corporation, the world's second-largest sovereign wealth fund, is ready to target more overseas alternative assets and direct investment in the next decade, as its strategy shifts amid tightening global liquidity.

Guo Xiangjun, CIC executive vice-president, told China Daily that alternative asset investment, including hedge funds, private equity, and real assets, will surpass public equity and account for more than 50 percent of the fund's portfolio during the next 10 years.