Deals
Temasek Looks to Expand in China as Crunch Is Under Control
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Temasek Holdings Pte, the biggest foreign investor in Chinese banks, said it’s not concerned by a cash crunch that sent stocks plunging last month and plans to increase its assets in the nation.
“There is sufficient liquidity in the system over a prolonged period,” Chia Song Hwee, head of the investment group, said at a briefing in Singapore yesterday. “We’re actually looking at it as an opportunity to build on the portfolio rather than shrinking it.”