GIC, Temasek lead sovereign investments in China with $133bn

Singapore’s GIC and Temasek are top allocators to the Chinese market with a combined $133 billion in investments, while Russia’s National Wealth Fund holds the most Chinese assets by percentage, according to latest data from Global SWF. As of the end of March, it is estimated that GIC allocates about 9%, or $69 billion of assets to China from its total 23% exposure across Asia ex-Japan. This is followed by Temasek, which has 22% of its underlying assets, or $63 billion, in the w…