GIC sees no systemic risk in Evergrande crisis, but Soros Fund presses pause on China

Singaporean sovereign wealth fund GIC Pte does not view the Evergrande crisis as posing a systemic risk to China’s financial landscape despite uncertainty caused by the collapse of the property giant and China's wide-ranging clampdown on industries ranging from tech to online education. Lim Chow Kiat, GIC Lim Chow Kiat, chief executive officer at GIC said that there had been warning signs before the potential collapse of Evergrande took centre stage.  “For a number …