Temasek to increase exposure in emerging sectors
Singapore-based investment company Temasek Holdings (Private) Ltd announced on Friday that it regarded China as a very important market and would continue to seek investment opportunities in the Chinese finance sector and those related to the nation's economic transition.
China was the second-largest investment destination for Temasek, with the nation accounting for 27 percent of Temasek's portfolios by underlying assets, following Singapore at 28 percent, according to its annual report as of March 31 this year.
It also said Temasek had a net portfolio value of S$266 billion ($197.2 billion) as of March 31, up S$43 billion from the previous year, with a 19.2 percent one-year total shareholder return for the year, underpinned by strong performance in Chinese and Singaporean investments.