A top Canadian pension fund 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.
Caisse de dépôt et placement du Québec (CDPQ), the C$400bn global investment group, has stopped making private deals in China and is closing its Shanghai office, according to people familiar with the matter.
The fund — which manages money on behalf of pension and insurance plans — is following other large investors in dialling back their activity in the world’s second-largest economy.
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