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Singapore's sovereign wealth fund GIC shuns China investments
来源：shippingazette 编辑：编辑部 发布：2023/02/20 14:24:11
SINGAPORE's sovereign wealth fund GIC has put the brakes on private investments in China as it steps up scrutiny of risks in the world's second-biggest economy, reports London's Financial Times.
GIC, one of the world's largest investors in private equity funds, has scaled back commitments to China-focused private equity and venture capital funds over the past year, five people with knowledge of the matter said.
GIC, founded in 1981 as the Government of Singapore Investment Corporation, has also slowed the pace of its direct investments in private Chinese companies.
Although GIC was an early backer of China's economic growth story, some of the fund's most senior figures have struck a more cautious tone on investing in the country during internal discussions over the past year, two of the people said.
GIC, one of the world's largest investors in private equity funds, has scaled back commitments to China-focused private equity and venture capital funds over the past year, five people with knowledge of the matter said.
GIC, founded in 1981 as the Government of Singapore Investment Corporation, has also slowed the pace of its direct investments in private Chinese companies.
Although GIC was an early backer of China's economic growth story, some of the fund's most senior figures have struck a more cautious tone on investing in the country during internal discussions over the past year, two of the people said.