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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada finance minister urges striking workers to accept 'very fair' government offerOver 100,000 have participated in the strike since last Wednesday. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Signs of hope for China property market, but boom is over: AnalystsBEIJING: Pummelled by a housing crisis that caused a record-breaking slump last year, some Chinese property developers are starting to see light at the end of the tunnel, but analysts warn the sector is still on
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »