China's CIC stakes limited to about 20 pct -exec

BEIJING Dec 18 (Reuters) - China Investment Corp (CIC), the country's sovereign wealth fund, will not take stakes of more than about a 20 percent in any companies it invests in, an executive said on Friday.

CIC [CIC.UL] president Gao Xiqing was speaking at a financial conference in Beijing.

CIC already has stakes close to 20 percent in some of the companies it has invested in. Its stake in power plant operator GCL-Poly Energy (3800.HK) is set to increase to 20.16 percent after its sets up a planned joint venture with the firm early next year. (Reporting by Michael Wei and Jason Subler; Editing by Ken Wills)