SINGAPORE -- Singapore's sovereign wealth fund GIC is shifting the focus of its investment team in China to look for newer "niche opportunities," a senior executive told Nikkei Asia, as the region's largest economy is expected to take longer to transform itself into a new economic model.
Property
GIC shifts to 'niche' real estate deals in China amid oversupply
Singaporean investor to reorient local team to make bets more granular
China has "come to the end of its growth model" as the property slump continues to weigh on its economy, said GIC chief investment officer Jeffrey Jaensubhakij. © Reuters
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