| Temasek Holdings is optimistic about China's prospects, and said it will continue to invest in Chinese banks. Speaking at a briefing on its performance for the 12 months ended March 2014, the Singapore investment firm said Chinese banks are a good proxy for the long term growth of the world's second largest economy.
As for concerns on shadow banking in China, Temasek said it is closely monitoring this, and that the Chinese government has put in place measures to address the issue. Wu Yibing, head (China) of Temasek Holdings, said: "Overall we see they have plenty of policy headroom and also plenty of political will to address these questions.........................................Full Article: Source
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