China Investment Corporation Ltd, the government investment fund, is keeping contacts with foreign fund managers to gain profitable returns in overseas investment.

"We are contacting about 100 foreign fund managers for the highly dispersed and related allocation of assets in an effort to achieve long-term investment returns," said CIC Deputy General Manager Wang Jianxi, who is in Beijing to attend the annual session of the country's top advisory body.

Wang believed that long-term investment could ease the risks of stock market fluctuations.

The CIC was set up in September 2007 to increase the value of China's huge foreign exchange reserves, which stood at US$1.53 trillion at the end of last year.

Last December, CIC agreed to take a US$5-billion stake in Morgan Stanley.It also invested US$3 billion in private equity firm Blackstone Group.