CPPIB to increase bets in China despite political tensions: Reuters
Canada Pension Plan Investment Board (CPPIB) plans to continue deploying capital in China, despite political tensions between the two nations, CEO Mark Machin told Reuters. Following the arrest of Meng Wanzhou, Huawei Technologies Co Ltd’s CFO on December 1, China warned Canada it would face consequences if it did not immediately release her. “If we cut aside all of the rhetoric, I think China will take a mature, cool-headed attitude toward pragmatic negotiations, so we won’t get too much wild action,” Machin said. CPPIB has 8 percent of its funds invested in China and has previously indicated it plans to increase that significantly in the next few years.
12 December 2018•3 mins read
