Montreal is a center of the Caisse de depot et placement du Quebec building.
Caisse de d p t et placement du Qu bec CDPQ has stopped making private deals in China and will close its Shanghai office later this year, the Financial Times reported on Thursday, citing people familiar with the matter.
The report says CDPQ is currently leading its regional investment efforts from Singapore, adding that it still has business interests in China.
We paused private investments for some time already - and have focused on liquid markets, which is the majority of our two percent portfolio exposure to China. We expect this trend to continue, said James Cummings, chief executive of CDPQ Inc., in a statement.
Earlier in April, Canada's third largest pension fund, Ontario Teachers' Pension Plan OTPP, closed its China equity investment team in Hong Kong.