[winbig]

, according to Bloomberg, both Temasek and GIC have been big investors. The Chinese authorities have issued new regulations barring for-profit companies and banning foreign capital from the sector, effectively wiping out their investment. As neither of our Sovereign Wealth Funds publish detailed breakdowns of their portfolios, it is impossible to know how much has been lost but it is sure to run into the billions.

https://kenjeyaretnam.com/2021/07/21/why...SO3Jy1AFwQ

U must see when they go in lah. If they go in at low price then ok lah. Ang moh anyhow say.