Temasek Holdings satisfied with Chinese banking investments

Will also increase investments in state-owned enterprises.

Temasek Holdings Pte Ltd, Singapore’s sovereign wealth fund, is the biggest foreign investor in Chinese banks. It holds stakes worth US$18 billion in China Construction Bank Corporation; Industrial and Commercial Bank of China Ltd and Bank of China Ltd, which are three of the Big Four state-owned banks.

Temasek regards the finance sector, especially the banking industry, as the epitome of China’s real economy, representing the nation's potential and trend.

It noted that although some risks now exist in the fast-developing Chinese banking industry, it is optimistic about the potential of the sector thanks to the solid foundation and driving force of the Chinese economy.

China accounts for 23% of Temasek’s total investments after Singapore, where its share is 30%.

"We are generally satisfied with investment returns from the Chinese market," said Ding Wei, head of operations at Temasek China.

Late in June, the interbank money market suffered a cash crunch causing the overnight rate of the Shanghai Interbank Offered Rate to soar. The potential crisis ended after the People’s Bank of China said it would ensure sufficient liquidity in the market.
 

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!