The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
Tsinghua Holdings is a wholly-owned investment arm of Tsinghua University in Beijing. The University regularly churns out 20,000 students every year û and a prolific collection of powerful alumni, including Zhou Xiaochuan, governor of the PeopleÆs Bank of China, Hu Jintao, ChinaÆs current president, and former premiers Huang Ju and Zhu Rongji. John Thornton, a former president of Goldman Sachs is among the universityÆs star-studded faculty roll.
Tsinghua HoldingsÆ investments total RMB3.1 billion ($395 million) currently. Among the 98 companies in its portfolio, nine have gone public. These businesses have spun out of the universityÆs laboratories and classrooms, where the university enjoys good reputation in energy, life, environmental and information science and technology. Graduates often top salary rankings in ChinaÆs journals.
The State Department of Commerce was rumoured to have a hand on the partnership between Tsinghua and SBI. The new JV will be run by Kazushi Miyazaki, head of China, and Shao Yangyang, senior manager. Its office will be based in Tsinghua Science Park in Beijing, another of the holdingsÆ investments, where its new fund will be neighbour with Microsoft, Sun Microsystem, Smartdot and numerous Chinese technology firms.
This will not be the first investment that SBI has made in China. Previously, it brokered a partnership with SingpaoreÆs sovereign wealth fund Temasek in its Chinese investments. The group is active in asset management, venture capital, investment banking and real estate investment. It has 12 partnerships and 13 affiliates on top of its 48 subsidiaries. Sumitomo Trust & Banking, the State Bank of India and Axa are some of its allies in its recent overseas ambition.
Softbank Investment Corporation was founded in 1999 to undertake venture capital and incubation business and is now listed on the Osaka and Tokyo stock exchanges. Its asset management business was acquired from Aozora Bank in 2001. Among its subsidiaries is Morningstar K.K. Japan, and in 2005 it founded a China-focused investment fund with an unnamed partner from Singapore.
Sunsuper and QSuper appoints CIO for combined entity; State Street appoints heads of HK and Taiwan; Nothern Trust rebuilds Apac team; Manulife IM names emerging markets fixed income CIO; RBC Wealth Management hires four into HK; Lombard Odier hires two senior equity managers; Allianz Global Investors appoints Asia hand as equity CIO; and more.
Investors from China and the US are expected to continue buying assets in each other’s markets despite the blacklist of Chinese firms with military and surveillance ties.
Stronger government actions are needed to meet the Paris Agreement goal of limiting global temperature rise to 1.5 degrees, investors such as Hesta and CDPQ signed in a statement.
AsianInvestor explains why we chose the winners of the second half of our 2021 fund manager winners, by major local markets.