[BEIJING] China’s sovereign wealth fund has pulled its planned sale of US$1 billion in US fund stakes tied to some of the biggest names in private equity.
The move is part of the sovereign wealth fund’s push to catalyse and support early-stage firms through investment platform Dana Impak and subsidiary Jelawang Capital
Teo Chee Hean to succeed Lim Boon Heng as Temasek chairman. Former Senior Minister Teo Chee Hean will first join Temasek Holdings’ board as deputy chairman on Jul 1 before becoming its fifth chairman on Oct 9.