The Caisse de depot et placement du Quebec building is seen in Montreal, Canada February 26, 2014. REUTERS/Christinne Muschi
June 1 - Canada's second-largest pension fund Caisse de dépôt et placement du Québec has stopped making private deals in China and will close its Shanghai office later this year, the Financial TimesCDPQ is currently leading its regional investment efforts from Singapore, the report said, adding that it still has business interests in China.
"We paused private investments for some time already — and have focused on liquid markets, which is the majority of our two per cent total portfolio exposure to China. We expect this trend to continue," CDPQ told the newspaper in a statement.The Financial Times in February reported that Singapore's sovereign wealth fund GIC has reduced private investments in China. Earlier in
, Canada's third largest pension fund Ontario Teachers' Pension Plan also closed down its China equity investment team based in Hong Kong.