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Temasek's new chief is upbeat on long-term Chinese investments

Bloomberg2/10/2021 9:37 AM GMT+08  • 5 min read
Temasek's new chief is upbeat on long-term Chinese investments
Temasek was also an early investor in fintech giant Ant, whose record initial public offering was scrapped by regulators.
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Temasek Holdings’ newly appointed CEO Dilhan Pillay Sandrasegara said Singapore’s state-owned investment firm is committed to China despite recent developments, such as the cancellation of Ant Financial Group’s public listing.

“We’re still very positive on the long-term trajectory of China from what we can see,” Pillay said, when asked about China on Feb 9 by reporters after he was named to replace Ho Ching, who will step down in October after 17 years as head of the US$230 billion firm.

Pillay, currently head of Temasek’s international unit, will need to steer one of the world’s biggest institutional investors through markets buffeted by the coronavirus pandemic and rising political tensions between the US and China.

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