Canada's Ontario Teachers' fund closes China equity investment team

HONG KONG : Ontario Teachers' Pension Plan , Canada's third largest pension fund, closed down its China equity investment team based in Hong Kong last week, several sources with knowledge of the matter told Reuters.

In a statement to Reuters, OTPP spokesperson Dan Madge confirmed the firm will"no longer have country-focused stock-picking teams based in Asia", resulting in the departure of five of their staff in its Hong Kong office. Canadian authorities have recently started several investigations into the allegations of Chinese interference in Canada's 2019 and 2021 elections, accusations that Beijing denies.

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