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Canada pension fund to lift China investment

By Jiang Xueqing | China Daily | Updated: 2018-10-12 07:39

CPPIB plans to increase funding across country as it eyes long-term market opportunities from growing middle-income group, aging population

By 2025, Canada Pension Plan Investment Board plans to have 20 percent of its estimated C$800 billion ($612 billion) assets invested in the Chinese mainland, Hong Kong, Macao and Taiwan, said Mark Machin, president and CEO of CPPIB.

"It's a sensible thing to increase our supply to this market. We are building expertise, and we think valuation is not perfect in this market, so there are opportunities for skilled investors to find really good value," Machin said during a recent business trip in Beijing.

Canada pension fund to lift China investment

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