China Is No Longer Temasek’s Top Investment Destination

What’s new: China as an investment destination slipped to second place in Singaporean state-owned investor Temasek Holdings Pte. Ltd.’s portfolio for the financial year ended March 31, the firm’s latest annual report showed Tuesday.

Temasek’s portfolio exposure in China stood at 22%, down from 27% in the previous financial year. This marked the second straight annual drop. Meanwhile, Singaporean assets moved to the top spot with 27% of the company’s total exposure.