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’ICBC to raise stake in CS venture
Industrial and Commercial Bank of China is expected to expand its share of a fund management joint venture with Credit Suisse in a move that may bode ill for foreign groups in China’s so-far relatively open fund management sector.
Another day, another (Singaporean) SWF transaction…
It seems to be SWF week, with the deals flying thick and fast, though thanks to Temasek, the Singapore investment company, some of the current activity focuses on the selling-off of stakes.
Temasek on Thursday made the third sale in a week of holdings in a Chinese company,
Temasek signals further China doubts
Temasek Holdings, the Singapore state investment company, gave further signals on Thursday of its belief that several areas of the Chinese economy have reached their cyclical peak, with the third sale in a week of holdings in mainland companies.