Singapore state investor Temasek Holdings Pte Ltd stood by its investments in China's top banks on Thursday, saying they were well equipped to cope with disruptions like the recent interbank credit crunch.
It also said structural change in China could yield further investment opportunities, both in state-owned enterprises and private companies.
The sovereign wealth fund's relatively positive outlook for China's long-term prospects comes at a time when foreign investment banks are cutting their direct exposure to the country's banking sector and when last week's cash crunch in the interbank market has unnerved investors. Full story
Related:
- Temasek says China liquidity crunch won't hit its bank holdings - Reuters
- Temasek continues to look for opportunities in China - Xinhua
- Temasek Looks to Adds Chinese Assets as Crunch Is Under Control - Bloomberg
- Singapore's Temasek faces key tests over China banks - Reuters
- Singapore's Temasek keeps faith with U.S., China - MarketWatch
