Canadian fund eyes bigger role in China

CPPIB bullish on its growth prospects despite current market uncertainties

Canada Pension Plan Investment Board will expand its exposure in the Chinese market despite uncertainties like a weaker yuan and greater market turbulence next year, a top official said.

CPPIB, which manages one of the world's largest pension funds, has total assets of $205.7 billion under management as of Sept 30, reiterated its commitment to China by investing $500 million in the Postal Savings Bank of China.