Singapore investor GIC upbeat on China tech despite regulatory crackdown

singapore investor gic upbeat on china tech despite regulatory crackdown

Sumary of Singapore investor GIC upbeat on China tech despite regulatory crackdown:

  • GIC, with assets under management of $550 billion according to data platform Global SWF, retains a positive view on its Chinese investments due to the country’s handling of the pandemic, macroeconomic discipline and agility to respond to economic weaknesses, GIC Chief Executive Lim Chow Kiat told Reuters in an interview.
  • GIC’s China investment portfolio includes Alibaba and fintech affiliate Ant Group, food delivery firm Meituan , as well as real estate firm China Vanke and online healthcare platform JD Health International.

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