BOAO, China -- China Investment Corp. plans to expand its international investment this year, including in European countries that it had shunned because they tried to set limits on its investments, the Chinese sovereign-wealth fund's chairman said Saturday.

Speaking to a meeting of business and political leaders here, Lou Jiwei reiterated complaints about resistance last year from Western governments to the fund, known as CIC. Some foreign politicians worried that the fund, which was established in 2007 to invest $200 billion...