Ding Wei, former head of investment banking at CICC, China’s biggest homegrown investment bank, has been hired by Temasek as the Singapore investment group’s head of China, signalling the desire of the (US)$133bn fund for more China deals.
The announcement comes as Temasek last week completed an internal review of its China strategy.
While today Temasek is not particularly large in China, it harbours big ambitions and is trying to craft a strategy that differs from other foreign investors such as the private equity firms operating on the mainland.
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