China’s $200bn sovereign wealth fund intends to be a socially responsible global investor by shunning industries such as gambling, tobacco and arms manufacturing, the fund’s president said on Friday.

“We are looking at clean energy and environmentally-friendly investment,” Gao Xiqing, president of China Investment Corp, said at a conference in Beijing. CIC would look at “everything cross-border except for casinos, tobacco companies or machine-gun companies”. As far as is publicly known, the fund has primarily invested in financial services.