Singapore’s US$744 billion sovereign wealth fund GIC is considering investments in Chinese property assets

//Singapore’s US$744 billion sovereign wealth fund GIC is considering investments in Chinese property assets

Singapore’s US$744 billion sovereign wealth fund GIC is considering investments in Chinese property assets

Singapore’s US$744 billion sovereign wealth fund sees potential opportunities to do deals and buy debt in China’s battered real estate sector, confident Beijing won’t let things “spiral out of control” following several defaults.“We continue to have confidence that it is a good investment market for us,” said Lim Chow-Kiat, chief executive officer of GIC. “We are not moving away from being involved in the Chinese real estate market.”China’s property sector has been roiled by defaults at China…

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By | 2021-12-17T05:46:16+00:00 December 17th, 2021|Business|Comments Off on Singapore’s US$744 billion sovereign wealth fund GIC is considering investments in Chinese property assets