(Yicai Global) July 12 -- China will remain as one of Temasek's investment destinations and stays its top one along with Singapore, Wu Yibing, president of the Singapore sovereign fund's China business, said in Beijing yesterday, Xinhua News Agency reported.

Temasek's total investment portfolio in China is about CNY430 billion (USD62.5 billion), accounting for one-quarter of its global portfolio and equal to the share of its investment portfolio in Singapore, according to the firm's latest annual report.

China's economy and many companies have afforded important opportunities to forward-looking investors, Wu said.

China has sufficient policies to reduce the impact of short-term external factors, and both its monetary and fiscal measures are playing an active role. For example, tax and fee reductions alone can greatly improve the business environment, Wu added.

Founded in 1974, Temasek Holdings is registered as a private company, but regulated by Singapore's Ministry of Finance. 

Editor: Ben Armour