Temasek, Blackstone bullish on China's IT, healthcare  

淡马锡、黑石看好中国投资机会 关注四大投资领域

昨日，新加坡主权财富基金淡马锡和美国另类资产管理公司黑石集团同时在中国召开媒体见面会，两大巨头高层均认为目前市场对中国经济增速放缓的担忧略过，且中国不太可能发生较大的金融危机。在谨慎看好中国经济增长的前提下，黑石与淡马锡在中国的投资亦在推进。[查看全文]

(ECNS) – Some global investors are optimistic about China's prospects and want to increase their holdings, Shanghai Securities News reported on Friday.

At media briefings on Thursday, Blackstone Group and Singapore's state investment company Temasek Holdings said they're not too worried about China's economic slowdown, and that a big financial crisis is unlikely.

"The perception of China's slowing economy can keep other investors away, and we look at the same situation and take it as an opportunity," said Stephen Schwarzman, Blackstone founder and CEO.

Last October, Blackstone poured in $539 million and bought Pactera, a Chinese technology consulting and outsourcing firm, and finished a deal recently in the healthcare sector, which he said is not made public yet.

In fiscal year 2013, the proportion of Temasek's China portfolio swelled from 23 percent to 25 percent, with focuses on energy, bioscience, consumption and mobile Internet.

Temasek's China head Wu Yibing said the country is seeing a bourgeoning of startups, especially in the mobile Internet industry, one of the areas Temasek wants to boost its holdings.

Temasek also sees China's urbanization as a good proxy for investment. Temasek has five investments in urbanization underway, and plans to take part in reforms of state-owned-enterprises as well.

However, neither are upbeat about China's real estate market.

Gu said the sluggish property market poses a risk to short-term growth, and takes a toll on related industries such as steel and concrete.

Schwarzman said residential property is an area Blackstone is not likely to invest in, but that China's booming retail and online shopping sites have made industrial realty an interesting area for investments.