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China

Canada Pension Plan Looks To Raise Its Bet On China

by cnbc.com posted 1year ago 300 views
<div> <div data-autoplay="1" data-dockable="1" id="player_0_104351600_0">China&#39;s&nbsp;gradual market liberalization may be good news for Canadian pensioners. Canada Pension Plan Investment Board (CPPIB), the country&#39;s largest pension fund, currently has 4 percent of its portfolio in the mainland &mdash; a figure that president and CEO Mark Machin said is too low for a globally diversified portfolio such as his.</div> </div> <div itemprop="articleBody"> <p>But he plans to increase that share as the world&#39;s second-largest economy opens itself up.</p> <p>&quot;We want to significantly increase our investment here over the long term,&quot; he said, explaining that his fund is &quot;substantially&quot; underweight relative to GDP, but not necessarily relative to available market cap.</p> </div>

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