Insight - Sovereign funds sweet on China, despite regulatory headwinds

Singapore’s Temasek Holdings in June bought 33 million American Depository Receipts in Didi Global Inc, before regulators announced a probe of the ride-hailing company that the city of Beijing is now considering taking under state control, according to a Bloomberg News report on Friday.

SOVEREIGN wealth funds (SWFs) remain keen on China, despite regulatory crackdowns, planning standalone investment strategies and piling into venture capital and real estate, according to data and analysts.

Investors in China have been shaken in recent weeks by a slew of regulations targeting sectors ranging from gaming to education.