BEIJING, March 4 China Investment Corp [CIC.UL],
China's sovereign wealth fund, believes global commodity prices
are outpacing the global economic recovery, fuelled by loose
monetary policies worldwide, a top official said on Thursday.
"Last year commodity prices rose by relatively big margins,"
Jesse Wang, CIC executive vice president and chief risk officer,
said on the sidelines of the Chinese People's Political
Consultative Conference in Beijing.
"Personally, I think the prices are a bit too high relative
to the strength of real economic recovery," he said, adding that
high commodity prices have complicated CIC's investment efforts
Wang said CIC has now invested most of its money, and would
have to adopt a more flexible asset allocation strategy if it
does not receive more funds from the government.
(Reporting by Samuel Shen and Doug Young; Editing by Jacqueline