CIC set to intensify offshore multilateral fund focus

China Investment Corporation is on track to overtake to become the world’s largest sovereign wealth fund and looks set to play an increasingly important role in Beijing's plans for global self-sufficiency, says US-based consultancy Global SWF. It notes in a new report the sovereign wealth fund is likely to keep making multilateral alliances with foreign funds and companies, to attract technology and knowhow into China. In addition, it is likely to look for minority investments in …