Singapore’s Temasek, GIC see opportunities in China in advanced manufacturing, green technology, consumption

 

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Singapore’s state investment firm Temasek is “still excited about the China market,” said Wu Yibing, Temasek’s head of China.

Speaking at the Milken Institute Asia Summit in Singapore, Wu said that he sees attractive opportunities in China in areas such as advanced manufacturing and energy transition. “While people tend to look at the weakness in the traditional sectors such as the traditional manufacturing or real estate, they tend to overlook that these emerging sectors.”

Meanwhile, Singapore’s sovereign wealth fund GIC is also “doubling down” on some sectors in China as the country remains investable, even if it has become hard to make top-down allocations, said Lim Chow Kiat, the fund’s chief executive officer.

China is leading the world in certain industries like green technology and consumption will play a bigger role in the nation over the long term and could present opportunities, he said.