GIC adopting bottom-up approach to China, says CEO
Singapore sovereign wealth fund GIC is doubling down on investing in certain sectors in China although it is becoming harder to have a top-down approach, Chief Executive Officer Lim Chow Kiat said at an event.
While China leads the world in sectors such as green technology, it is difficult to make a top-down allocation at the moment, so GIC has adopted a bottom-up approach to investing in the country, the Singaporean sovereign wealth fund’s CEO Lim Chow Kiat said at the 10th Milken Asia Summit in Singapore.
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