China's CIC says countries should not bar SWFs

SINGAPORE, Nov 14 (Reuters) - China Investment Corp (CIC), which manages around $300 billion, said on Saturday that sovereign wealth funds were passive investors and countries should not bar investments by such funds.

Sovereign wealth funds tended to stay put when other investors pulled out and were a source of capital in difficult times, CIC Chairman Jin Liqun said at a conference in Singapore.

"We need the cooperation of recipient countries. There is nothing we can do if we are barred," he said.

(Reporting by Saeed Azhar and Kevin Lim; Editing by Neil Chatterjee)