Singapore to China: we’re buying….more!

[SNAblog]

http://community.nasdaq.com/News/20...-buyingmore-ews-cichy-bac.aspx?storyid=113598

Singapore to China: we’re buying….more! (EWS, CICHY, BAC)

Posted 1/11/2012

While Chinese companies are leaving U.S. financial exchanges due to concerns about declining growth in the People's Republic and fraudulent activities, as reported in an article on www.emergingmoney.com , Temasek Holdings, the sovereign wealth fund for Singapore, has established a separate entity to invest billions more in the country.

The new investment vehicle, Pavillion Capital Pte, will, according to an article in The Wall Street Journal by P.R. Venkat, "focus on investment opportunities at small and medium-size privately owned enterprises in China..."

Already Temasek Holdings has substantial Chinese assets in its portfolio, noted Venkat in his Wall Street Journal piece, " Temasek Holdings Aims to Boost Chinese Holdings ." At present, China represents the biggest investment area for Temasek Holdings after only Singapore itself.

Temasek Holdings focuses on Asia, with fully 77% of its assets located in the region. Founded in 1975, the fund is owned in toto by the Singapore Ministry of Finance. It receives the highest rating from credit agencies and for transparency.

About half of its managed assets are external to Singapore, such as China Construction Bank ( CICHY , quote ), Australian telecom Optus, and Singapore Airlines, which in turn owns a 49% stake in Virgin Atlantic. Many of the Singapore holdings are in the iShares MSCI Singapore Index Fund ( EWS , quote ).

Although 75% of Temasek's holdings are in Singapore, it has set a target of eventually reducing this to only 33% of its assets. Another 33% of the portfolio will be in developed markets and the final third is planned for investment in developing economies.

The investments of Temasek Holdings now total about $150 billion. In 2011, Temasek bought the shares of China Construction Bank from Bank of America ( BAC , quote ).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

 

[red amoeba]

expect the split to be finer when it is expected to make forage into the European crisis cesspool.

 

[laksaboy]

More, more, more...

[video=youtube;RlJGrIyt-X8]http://www.youtube.com/watch?v=RlJGrIyt-X8[/video]

 

[Froggy]

I wonder many time what and who gives these high stake gamblers the right to touch our money like this. Investments . . . . . Plundering whats the difference? Anyway 40% lan lan as 60% love to be fucked but them what to do?

 

[Spock]

The new investment vehicle, Pavillion Capital Pte, will, according to an article in The Wall Street Journal by P.R. Venkat, "focus on investment opportunities at small and medium-size privately owned enterprises in China..."

I sure hope they are aware of the shenanigans that go on in these companies and they know what they are doing. An investment from an entity like Pavillion Capital would be a god-sent opportunity to commit fraud. The best scenario they can hope for is that such companies only under-report their profits and they end up with just a smaller cut.

 

[Orion]

why they dont invest in local medium size companies? Since they know the market best.

 

[KNNBCCB]

 

[Devil Within]

Not their (Temasek Directors) own money. So what's to them if they loss money? Just report the losses creatively and more money will still be coming from taxpayers through PAP gov. But if they make money, they will sing and dance and give themselves big bonuses and leave little (if there is left) to the PAP gov first, then the taxpayers last. What a wonderful arrangement. Wish I had a fund managing company like this.

 

[spotter542]

Saw kena "forced" to resign after the MRT cock up.
Ho Jinx is really "untouchable" ( only one man can touch her ) despite losing billions and billions in dubious investments