According to Lianhe Zaobao, Singapore’s Senior Minister Lee Hsien Loong said in a speech on November 13 local time that the Singapore Government Investment Corporation (GIC) still believes in the long-term potential of the US economy and has found investment opportunities in different fields, especially emerging fields such as climate technology and sustainable development.
Lee Hsien Loong said that GIC will continue to invest in the United States, and US assets will also account for an important proportion of the company’s entire investment portfolio. “We firmly believe that this is the right choice for a fund that takes a long-term perspective.”
More than one-third of GIC’s global investment portfolio is in the United States, and the company has offices in New York and San Francisco.