Temasek Holdings Pte Ltd will maintain its stake in China's banking sector in the long term despite a possible economic slowdown and the ongoing interest rates reform, the Singapore state investor said on Thursday.
Temasek this year has made a series of changes to the way it allocates its investments in mainland banks in the Hong Kong market, selling, for example, a $2.5 billion stake in Bank of China Ltd and China Construction Bank Corp, but buying $2.3 billion worth of Industrial and Commercial Bank of China Ltd shares.
Ding denied that the operations are "short-term", only saying "Temasek's operations are based on long-term strategy". Full story
