While some believe that China Investment Corp. (CIC) will invest in broad index or hedge funds, others think that CIC will invest in emerging markets commodities to strategically fulfill China's future needs. State officials said early this year that they will diversify investment holdings and invest in a similar fashion to Singapore's Temasek Holdings. 
I can definitely see where that statement's coming from: Temasek has a 2.1% stake in Barclays PLC (NYSE:BCS), whereas the state-owned China Development Bank has 3.1%. It couldn't be any more similar.
Maybe CIC should consider investing in A/H-shares, including Zijin Mining Group Co Ltd. (HKG:2899), one of the best performing stocks this year, just as Temasek invests in its native Singapore.
FYI: An executive from Temasek left the company on Wednesday to start a China-focused private equity fund. Not that that has to do with anything, though.
Comment Preview