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Singapore's Temasek reports portfolio value drop, positive on China tech

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Singapore investment firm Temasek Holdings (TEM.UL) on Tuesday posted a 5.2% drop in its net portfolio value to S$382 billion ($284.65 billion) in the financial year that ended in March.

Its unlisted holdings include Singapore's port operator PSA International and property developer Mapletree Investments.

Ant Group with a $984 million fine, the People's Bank of China said on Friday that most of the main problems platform companies' businesses were facing had been rectified and regulators would shift their focus to overall regulation of the industry rather than specific companies. "So I think this is actually a good development for the sector. You can see the stock prices have reflected this as well."share prices have rallied since Friday on the hope that strict regulations that have stymied growth for more than two years would ease.

 

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