Confidence Key to Reviving China’s Stock Market, Temasek Executive Says

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Wu Yibing, Temasek’s president of China. Photo: Temasek

Temasek’s China President Wu Yibing sees investor confidence as key to revitalizing the country’s lackluster stock market.

“The market has been focusing too much on foreign investors, but it is the domestic capital that deserves more attention,” Wu told Caixin in an interview on July 11.

Foreign investors lack confidence in the Chinese stock market, and domestic market participants are even less confident, said the president, who joined Singapore state-owned investor Temasek International Pte. Ltd. in 2013.

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Future property policies are crucial for boosting investor confidence in China's stock market, says Wu Yibing, Temasek's China President.
Declines in the Shanghai Composite Index (0.25%) and Shenzhen Component Index (7%) indicate low domestic investor confidence.
The Chinese property market's struggle is attributed to the 2020 deleveraging campaign, affecting household spending and wealth effect.

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Who’s Who

Temasek Holdings Pte. Ltd.: Temasek Holdings Pte. Ltd. is a state-owned investment company based in Singapore. Wu Yibing has been its China President since 2013. The company is focused on various sectors, including financial services, telecommunications, media & technology, transportation, and industrials. In the context of the article, Temasek is paying close attention to China's property policies, which are crucial for revitalizing the country's stock market and boosting investor confidence.

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What Happened When

2020：: The government's deleveraging campaign, including the 'three red lines' policy, curbed developers' borrowing.

By July 11, 2024：: Wu Yibing noted that the market has been focusing too much on foreign investors and emphasized the need for more attention to domestic capital.

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