Jan 20, 2023 02:59 AM

Singapore’s GIC Says China Policy on Big Tech Has Become Clearer

(Bloomberg) — The regulatory uncertainty caused by years of Chinese government crackdowns on the country’s technology giants has started to clear, potentially easing the way for wary investors, according to Singapore’s sovereign wealth fund.

“So in Chinese tech — big tech — that picture has become clearer,” GIC Pte. Chief Investment Officer Jeffrey Jaensubhakij said on a panel at the World Economic Forum in Davos, Switzerland, referring to recent comments by Chinese Vice Premier Liu He. “Part of what Liu He was saying yesterday is that they’ve kind of solved all of that now,” Jaensubhakij said Thursday.

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