GIC adopting bottom-up approach to China, says CEO
Singapore sovereign wealth fund GIC is doubling down on investing in certain sectors in China although it is becoming harder to have a top-down approach, Chief Executive Officer Lim Chow Kiat said at an event.
While China leads the world in sectors such as green technology, it is difficult to make a top-down allocation at the moment, so GIC has adopted a bottom-up approach to investing in the country, the Singaporean sovereign wealth fund’s CEO Lim Chow Kiat said at the 10th Milken Asia Summit in Singapore.
“There are themes that GIC believes in within China. For example, consumption is a big theme in the country. However, more resources need to be put in deal-by-deal in these themes, w…
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