TOPIC

/ company

Temasek Holdings

Temasek Holdings is an investment company owned by the government of Singapore. Temasek is one of a few global firms with the highest corporate credit ratings by both Standard & Poor's and Moody's, of AAA and Aaa respectively.

Chairman / President

Lim Boon Heng

CEO / Managing Director

Dilhan Pillay Sandrasegara

CFO / Finance Director

Kevin Cheong

Industry

Investment Management

Website

temasek.com.sg

Headquarters address

Temasek Holdings (Private) Limited,28 Orchard Road,Temasek Holdings,Singapore 238832

Year founded

1974

The Hong Kong Exchanges and Clearing in Exchange Place in Central on July 21. Photo: Jelly Tse

IPO

Zhongji sets highest subscription threshold in Hong Kong IPO history

Zhongji sets an IPO city record for minimum lot price, which may price out retail investors though institutional demand remains strong.

23 Jul 2026 - 5:00PM

Hong Kong stock market

Zhongji Innolight already has 30 cornerstone investors for US$8b IPO: sources

21 Jul 2026 - 9:31PM

Malaysia

Malaysia’s US$47 million investment in Indonesian start-up revealed as fraud

16 Jul 2026 - 3:52PM

Thailand

Thailand’s Thaksin officially free but faces new multimillion tax battle

The former prime minister, who was released on parole last month, has had his electronic monitoring device removed.

10 Jun 2026 - 9:18AMvideocam

Former Thai prime minister Thaksin Shinawatra thanks supporters upon arriving back home after his release from Klong Prem Central Prison in Bangkok on May 11. Photo: AFP

Singapore

Singapore’s Shanmugam slams Bloomberg’s ‘venomous’ emails in defamation hearing

Cabinet ministers K. Shanmugam and Tan See Leng are suing Bloomberg over an article mentioning their personal property deals.

7 Apr 2026 - 6:12PM

Hong Kong economy

Hong Kong investment chief joins global board in first for Chinese sovereign funds

FCLTGlobal announces that Clara Chan Ka-chai, CEO of the Hong Kong Investment Corporation, has become one of the 19 directors on its board.

1 Apr 2026 - 8:45PM

Hong Kong stock market

First HKIC bet SmartMore seeks Hong Kong IPO amid booming tech pipeline

Unicorn’s AI platforms power firms from Tesla to Apple suppliers, highlighting the government fund’s role in the city’s tech investment push.

17 Mar 2026 - 2:40PM

SmartMore provides intelligent manufacturing and digital innovation through a proprietary industrial platform that integrates software and hardware for enterprise clients. Photo: Edmond So

Hong Kong stock market

The big cornerstone comeback: what’s driving investors back to Hong Kong IPOs?

After four subdued years, the cornerstone investors that anchor Hong Kong’s IPO market are returning in force, reshaping the deal landscape.

28 Feb 2026 - 1:44PM

Hong Kong stock market

Chinese energy drink maker Eastroc’s shares debut flat in Hong Kong

Eastroc, which raised US$1.3 billion in city’s biggest IPO so far this year, draws strong retail demand amid heightened regulatory scrutiny.

3 Feb 2026 - 4:35PM

IPO

Chinese drinks maker Eastroc’s US$1.3 billion Hong Kong IPO gives it wings

Shanghai-listed firm is selling 40.9 million shares for HK$248 each, which would give it a market cap of about US$21 billion.

26 Jan 2026 - 4:49PM

China’s Eastroc Beverage makes an alternative to Red Bull on the mainland. Photo: Handout

Banking & finance

Global funds, from BlackRock to Temasek, back China’s largest biotech firms

Global institutional investors have built up sizeable positions in firms including Innovent, 3SBio, WuXi Biologics, Jiangsu Hengrui, Akeso and BeOne.

23 Jan 2026 - 8:30AM

Global investors have reaped sizeable rewards from their investments in Hong Kong-listed biotech and pharmaceutical companies in the past year. Photo: Shutterstock

IPO

China’s Busy Ming to test investor appetite with Hong Kong IPO

Snack and drink retailer aims to raise up to US$428 million, but listing plan comes amid weak mainland domestic demand.

20 Jan 2026 - 12:15PM

Banking & finance

Growth in sovereign investors’ China exposure slows amid political tensions

Inflows fall 58 per cent as sovereign wealth funds grow cautious, yet outlook signals selective opportunities ahead, experts say.

14 Jan 2026 - 7:30PM

Hong Kong economy

Editorial | Hong Kong’s IPO market rings in 2026 on a high note

The city catapulted itself into the global top spot for initial public offerings in 2025, with another strong pipeline of listings expected this year.

1 Jan 2026 - 7:15AM

Bonnie Chan Yiting (centre), CEO of Hong Kong Exchanges and Clearing, with (left to right) Li Yi, chairman of Beijing 51WORLD Digital Twin Technology; Alex Zhavoronkov, chairman and CEO of Insilico Medicine; Li Zhichen, chairman and CEO of OneRobotics (Shenzhen); Sun Laichun, chairman of Shanghai Forest Cabin Cosmetics Group; Geng Dawei, executive director and general manager of Shenzhen Xunce Technology; and Brian B.Y.Chen, chairman of USAS Building System (Shanghai). The six companies began trading on the Hong Kong exchange on December 30. Photo: Sun Yeung

IPO

China vital to Insilico’s plan to build biotech’s AI ‘Einstein’ for new drugs

US firm, backed by Fosun and Tencent, expands research base in China as it develops an AI-powered drug-discovery tool.

31 Dec 2025 - 2:26PM

Insilico is training and testing an AI-powered drug-discovery tool to enable faster, cheaper and more successful drug discovery. Photo: Handout

Thailand

Thailand court orders Thaksin to pay US$540 million in tax dispute

The Supreme Court overturned a prior decision, ordering Thaksin pay tax on his Shin Corporation sale to Singapore’s Temasek Holdings in 2006.

18 Nov 2025 - 6:00AMvideocam

Sovereign wealth fund

Singapore’s Temasek invests in WeRide, Pony.ai to boost China tech holdings

Temasek’s latest deals reflect the 51-year-old investment giant’s focus on forward-looking technologies.

15 Nov 2025 - 3:19PM

Singapore

Singapore-based AI start-ups draw most funding in Southeast Asia: report

A total of 495 AI start-ups secured US$1.31 billion in funding in Singapore in the first half of this year.

11 Nov 2025 - 8:10PMvideocam

Some 680 AI start-ups attracted more than US$2.3 billion of investments across Southeast Asia in the first half of this year, according to a report by Google, Temasek and Bain & Company. Photo: Shutterstock

Singapore

Singapore’s Temasek mulls three-way split to boost returns

The potential reorganisation of Singapore’s state investor comes amid pressure to outperform global indices.

20 Aug 2025 - 7:31PM

US-listed Chinese stocks

Temasek cuts Chinese tech stocks, goes long on consumer companies

Temasek slashed its holdings of JD.com by 87 per cent, cut its Alibaba stake by two-thirds and cut NetEase by 38 per cent, according to its 13F disclosure.

16 Aug 2025 - 9:31AM

Indonesia

Indonesia arrests founder of high-flying fish start-up over fraud scandal

An investigation revealed aquaculture start-up eFishery claimed revenues of over US$500 million more than its true earnings.

5 Aug 2025 - 2:24PM

Gibran Huzaifah, co-founder of eFishery, has admitted that he faked accounts. Photo: eFishery

IPO

Hong Kong’s IPO dominance leaves Singapore grasping for lost allure

The listings of IFBH and Mirxes underline Hong Kong’s superiority, but Singapore is not giving up, bankers and analysts say.

30 Jun 2025 - 1:21PM

A view of the Singapore Exchange building in the central business district of Singapore on April 7, 2020. Photo: AFP

Asean

Asian Angle | Are migrant workers the real glue cementing Asean-GCC ties?

The surprising truth behind the growing partnership lies in its people-to-people connections, remittances, the haj and financial mobility.

28 Jun 2025 - 12:00PMvideocam

Indonesia

Can Indonesia truly ‘copy with pride’ Singapore’s success?

Indonesia’s president is keen to replicate the neighbouring city state’s triumphs, but analysts warn that deeper reforms will be needed.

21 Jun 2025 - 6:30PM

Singapore

Jetstar Asia’s exit signals turbulent times for low-cost airlines

The low-cost arm of Australian airline Qantas says it will shut down next month due to rising operating costs and competition.

12 Jun 2025 - 4:13PM

Singapore-based Jetstar Asia will shut down permanently in July. Photo: AFP

India

Temasek takes a big bite of India’s food market with major Haldiram’s deal

The state investment fund has reportedly bought a 10 per cent stake in the leading Indian food company for US$1 billion.

3 Apr 2025 - 2:32PM

Packets of snacks on the shelves inside a Haldiram’s restaurant in Mumbai, India. Photo: Reuters

Artificial intelligence

Rokid’s AI-infused AR glasses wow China with real-world demo

A demonstration by company founder Misa Zhu at a government event has gone viral on social media and sparked a stock market frenzy.

25 Feb 2025 - 10:46PM

Indonesia

Indonesia approves investment arm to replicate success of Singapore’s Temasek

The agency, dubbed Danantara, is set to receive trillions of rupiah in initial capital as it aims to improve returns from state investments.

4 Feb 2025 - 1:39PMvideocam

Help preserve 120 years of quality journalism.

SUPPORT NOW

Temasek Holdings

Zhongji sets highest subscription threshold in Hong Kong IPO history

Zhongji sets an IPO city record for minimum lot price, which may price out retail investors though institutional demand remains strong.

Zhongji Innolight already has 30 cornerstone investors for US$8b IPO: sources

Malaysia’s US$47 million investment in Indonesian start-up revealed as fraud

Thailand’s Thaksin officially free but faces new multimillion tax battle

The former prime minister, who was released on parole last month, has had his electronic monitoring device removed.

Singapore’s Shanmugam slams Bloomberg’s ‘venomous’ emails in defamation hearing

Cabinet ministers K. Shanmugam and Tan See Leng are suing Bloomberg over an article mentioning their personal property deals.

Hong Kong investment chief joins global board in first for Chinese sovereign funds

FCLTGlobal announces that Clara Chan Ka-chai, CEO of the Hong Kong Investment Corporation, has become one of the 19 directors on its board.

First HKIC bet SmartMore seeks Hong Kong IPO amid booming tech pipeline

Unicorn’s AI platforms power firms from Tesla to Apple suppliers, highlighting the government fund’s role in the city’s tech investment push.

The big cornerstone comeback: what’s driving investors back to Hong Kong IPOs?

After four subdued years, the cornerstone investors that anchor Hong Kong’s IPO market are returning in force, reshaping the deal landscape.

Chinese energy drink maker Eastroc’s shares debut flat in Hong Kong

Eastroc, which raised US$1.3 billion in city’s biggest IPO so far this year, draws strong retail demand amid heightened regulatory scrutiny.

Chinese drinks maker Eastroc’s US$1.3 billion Hong Kong IPO gives it wings

Shanghai-listed firm is selling 40.9 million shares for HK$248 each, which would give it a market cap of about US$21 billion.

Global funds, from BlackRock to Temasek, back China’s largest biotech firms

Global institutional investors have built up sizeable positions in firms including Innovent, 3SBio, WuXi Biologics, Jiangsu Hengrui, Akeso and BeOne.

China’s Busy Ming to test investor appetite with Hong Kong IPO

Snack and drink retailer aims to raise up to US$428 million, but listing plan comes amid weak mainland domestic demand.

Growth in sovereign investors’ China exposure slows amid political tensions

Inflows fall 58 per cent as sovereign wealth funds grow cautious, yet outlook signals selective opportunities ahead, experts say.

.css-1pcrwvc{color:#2aa191;}Editorial | Hong Kong’s IPO market rings in 2026 on a high note

The city catapulted itself into the global top spot for initial public offerings in 2025, with another strong pipeline of listings expected this year.

China vital to Insilico’s plan to build biotech’s AI ‘Einstein’ for new drugs

US firm, backed by Fosun and Tencent, expands research base in China as it develops an AI-powered drug-discovery tool.

Thailand court orders Thaksin to pay US$540 million in tax dispute

The Supreme Court overturned a prior decision, ordering Thaksin pay tax on his Shin Corporation sale to Singapore’s Temasek Holdings in 2006.

Singapore’s Temasek invests in WeRide, Pony.ai to boost China tech holdings

Temasek’s latest deals reflect the 51-year-old investment giant’s focus on forward-looking technologies.

Singapore-based AI start-ups draw most funding in Southeast Asia: report

A total of 495 AI start-ups secured US$1.31 billion in funding in Singapore in the first half of this year.

Singapore’s Temasek mulls three-way split to boost returns

The potential reorganisation of Singapore’s state investor comes amid pressure to outperform global indices.

Temasek cuts Chinese tech stocks, goes long on consumer companies

Temasek slashed its holdings of JD.com by 87 per cent, cut its Alibaba stake by two-thirds and cut NetEase by 38 per cent, according to its 13F disclosure.

Indonesia arrests founder of high-flying fish start-up over fraud scandal

An investigation revealed aquaculture start-up eFishery claimed revenues of over US$500 million more than its true earnings.

Hong Kong’s IPO dominance leaves Singapore grasping for lost allure

The listings of IFBH and Mirxes underline Hong Kong’s superiority, but Singapore is not giving up, bankers and analysts say.

Asian Angle | Are migrant workers the real glue cementing Asean-GCC ties?

The surprising truth behind the growing partnership lies in its people-to-people connections, remittances, the haj and financial mobility.

Can Indonesia truly ‘copy with pride’ Singapore’s success?

Indonesia’s president is keen to replicate the neighbouring city state’s triumphs, but analysts warn that deeper reforms will be needed.

Jetstar Asia’s exit signals turbulent times for low-cost airlines

The low-cost arm of Australian airline Qantas says it will shut down next month due to rising operating costs and competition.

Temasek takes a big bite of India’s food market with major Haldiram’s deal

The state investment fund has reportedly bought a 10 per cent stake in the leading Indian food company for US$1 billion.

Rokid’s AI-infused AR glasses wow China with real-world demo

A demonstration by company founder Misa Zhu at a government event has gone viral on social media and sparked a stock market frenzy.

Indonesia approves investment arm to replicate success of Singapore’s Temasek

The agency, dubbed Danantara, is set to receive trillions of rupiah in initial capital as it aims to improve returns from state investments.

Editorial | Hong Kong’s IPO market rings in 2026 on a high note