06.08.2015 - Singapore brings more connectivity to China
China has good reasons to encourage more cooperation with Singapore. The Shanghai Stock Exchange has stumbled in the past few weeks. Nevertheless, Singaporean investment firms have not lost hope. The Singapore sovereign wealth fund, GIC, which manages over $US 344 billion in assets, has vowed to keep buying into China’s volatile stock market. According to its July 21 filing, the world’s eighth largest sovereign wealth fund holds 52 listed stocks in China, valued at over $US 7 billion. "It did open up some opportunities for people like us, who take a longer term view and we don’t have such kinds of liquidity constraints," Lim Chow Kiat, GIC chief investment officer, told CNBC business news. "That’s a clear positive."..............................................Full Article: Source
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