CIC Stops Buying Europe Government Debt on Crisis Concern

``Gao Xiqing, president of China Investment Corp., said the nation's sovereign wealth fund has stopped buying European government debt on concerns about the region's financial turmoil. CIC will continue to look for new investments in Europe as part of its strategy to boost allocations to infrastructure, private-equity assets as well as emerging markets to help boost returns, Gao said. CIC, with an estimated $440 billion in assets, is the world's fifth-largest country fund, according to Sovereign Wealth Fund Institute.''