China Investment Corp, the nation's sovereign wealth fund, is seeking to hire 30 people with global investment expertise as part of expansion plans.

The manager of China's US$200 billion fund is recruiting for positions in equity and fixed income investment and alternative assets, up until October 5, Bloomberg News said.

Central Huijin Investment Co, the wholly-owned unit of CIC, also plans to hire directors for Agricultural Bank of China, Huijin said in a separate statement.

Beijing-based Agricultural Bank, saddled with US$100 billion of bad loans, is waiting for a government bailout as it seeks to restructure into a shareholding bank and sell shares to the public.

The bank may receive as much as US$47 billion from Huijin, Vice Finance Minister Li Yong said in April.

CIC, which bought a 9.9 percent stake in Morgan Stanley in December, is in talks with the United States investment firm about making a larger investment, an insider said last week.

(Shanghai Daily September 23, 2008)