It is a confusing world right now...One moment, analyts said China is still doing very well and the video above said otherwise. But I suppose with the recent property easing, market there pick up again?
The current largest foreign investor in China’s banking industry is Temasek, a Singaporean investment company. Temasek holds a total of $18 billion in stakes of China Construction Bank, the Commercial Bank of China and the Bank of China (China Daily, November 11, 2013). The Chinese government sees the Temasek model as a good example for separating the corporate operations from administrative functions. In the foreseeable future, more private and foreign investors will start to invest or increase their shares in SOEs. Temasek is a Singapore-based investment company, wholly owned by the Singaporean Ministry of Finance. The Singaporean government does not intervene into corporate governance, but appoints senior executives and approves the company’s regular financial reports. The board of directors is majority private investors but also includes some government representatives. Under this split model, the private investors focus on improving the profitability and the officials are responsible for macroeconomic strategy and social justice (CBN, December 6, 2013).