CDPQ halts China Investment

Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), has made the decision to cease private deals in China and will be closing its Shanghai office later this year.

The report revealed that CDPQ is currently managing its regional investment activities from Singapore, while emphasizing that it still maintains business interests in China.

CDPQ stated that it had already halted private investments for a period of time, instead focusing on liquid markets, which comprise the majority of its two percent total portfolio exposure to China. The organization expects this shift to persist in the future.

In February, it was reported reported that Singapore’s sovereign wealth fund, GIC, had scaled back its private investments in China. Furthermore, in April, Ontario Teachers’ Pension Plan (OTPP), Canada’s third-largest pension fund, shuttered its China equity investment team based in Hong Kong.