Temasek Holdings optimistic on China prospects

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Temasek Holdings is optimistic about China’s prospects, and said it will continue to invest in Chinese banks.

Speaking at a briefing on its performance for the 12 months ended March 2014, the Singapore investment firm said Chinese banks are a good proxy for the long term growth of the world’s second largest economy.

As for concerns on shadow banking in China, Temasek said it is closely monitoring this, and that the Chinese government has put in place measures to address the issue.

Wu Yibing, head (China) of Temasek Holdings, said: “Overall we see they have plenty of policy headroom and also plenty of political will to address these questions.

“One thing I would like to add is that our financial institution exposure, particularly banking exposure, is at the leading banks. Their exposure to shadow banking is some of the lowest and their balance sheet and reserves are some of the highest. Our analysis show that their reserves and balance sheet are more than adequate to address some concerns in their exposure to Chinese shadow banking system.”

Financial services continued to be the largest sector in Temasek’s portfolio, at 30 per cent for the year ended 31 March 2014. This was a shade lower than the 31 per cent in the previous year.

During the period, Temasek increased its stake in Hong Kong-traded H shares of Industrial and Commercial Bank of China to 8.9 per cent, and also took a 1.1 per cent stake in UK’s Lloyds Banking Group.

It has also raised its stake in insurance company AIA to over 3.5 per cent.

Banks and financial institutions account for about 30 per cent of Temasek’s portfolio.

 

 

 

 

 

 

 

Source : Channel News Asia | July 8, 2014

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Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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