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Temasek's assets likely rebounded last year, rising by at least 10% to a record

Reuters Published on Fri, Jul 07, 2017 / 5:19 PM GMT+8

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SINGAPORE (July 7): Singapore state investor Temasek Holdings' assets likely rebounded last year and rose by at least 10% to a record, propelled by gains in shares of Chinese banks and domestic companies.

One of the world's biggest investors, Temasek is reshaping its strategy to focus on fast growing emerging sectors, while also beefing up its investment teams. It is the biggest investor in a third of companies in Singapore's benchmark index.

But its long-held investments in financials, such as China Construction Bank, DBS Group and Standard Chartered, paid off last year as equity markets rebounded.

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Temasek's assets likely rebounded last year, rising by at least 10% to a record