MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
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.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.