Chawla spoke after Temasek posted a 25% return in its latest fiscal year, the biggest gain since 2010. It holds more assets in China than any other country, including early-stage investments in fintech giant Ant Group Co. and ride-hailing firm Didi Global Inc., both of which are in industries targeted recently by Beijing.
Temasek Holdings Pte remains optimistic about prospects in China even after two of its major investments there were sideswiped by regulatory crackdowns.
“We continue to look at the growth opportunities in China,” said Mukul Chawla, joint head for North America and technology at the Singapore state investor. “Our stance on China remains unchanged in our optimism.”
