Canada pension fund to expand presence

Canada's pension fund could increase its investment in China to C$150 billion ($116 billion) by 2030, underscoring the fund's confidence in the long-term development of the country, said Mark Machin, chief executive of Canada Pension Plan Investment Board.

"We have a significant stake in China's continued success," Machin told China Daily at the annual China Development Forum, which ended in Beijing on Monday. "We believe over the long-term, China is well positioned to continue to be one of the leading economies in the world."

CPPIB, which managed assets worth C$337.1 billion as of December 2017, has nearly 24 percent of these invested in the Asia-Pacific region and it currently has C$19.8 billion invested in China, according to Machin.