Weekly Digest: CDPQ halts China investments; AustralianSuper freezes new PwC contracts
CDPQ put the brakes on direct China investments; Australia's largest pension fund to pause PwC use; Tokio Marine leaves Net-Zero Insurance Alliance; Temasek platform invests in funding round for sustainable aviation fuel; and more.
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Caisse de dépôt et placement du Québec (CDPQ), has put the brakes on its investment in China, making it the latest western investor to pull back from the country amid rising geopolitical tensions.
"We paused private investments for some time already – and have focused on liquid markets, which is the majority of our 2% total portfolio exposure to China. We expect this trend to continue," the pension fund said in a statement to AsianInvestor.
CDPQ will conti…
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