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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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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