Temasek's top gains spring from nation

Digitization, green transition, biotech, new consumption key growth drivers

China was the best performer in Temasek's global portfolio over the past decade, as the country's continuous opening-up agenda provided foreign investors with solid opportunities, the head of the Singapore-based investment company in China said on Thursday.

Wu Yibing, president of Temasek in China, said the 10-year internal rate of return (IRR) of the company's investments in China has outperformed its global portfolio as of the end of March, ranking highest among all the geographic markets that Temasek invests in. The company does not disclose specific IRR figures.

"China's reform and opening-up along with moves to attract foreign investment have provided companies like Temasek a real opportunity," Wu said, as capital provided by Temasek has accelerated the development of Chinese investee companies, especially those in early stages, while Temasek has earned good returns in the process.