Latest news with #MaXingrui
South China Morning Post
02-04-2025
- Business
- South China Morning Post
Temasek, Asian state funds to grow their assets by 34% to US$25 trillion by 2030
Asian state-owned investors (SOIs) are projected to grow their assets under management by 34 per cent over the next five years, aided by growing economies, healthier fiscal balances and bigger contributions from the continent's relatively young population, according to Sovereign Wealth Fund Institute. Advertisement These sovereign investors, which include 146 central banks, sovereign wealth funds and public pension funds, could grow their assets to US$25 trillion by 2030 from an estimated US$18.7 trillion currently, the US-based organisation said in a report on Tuesday. The sum would collectively represent one-third of the global total, it added. 'As countries and their citizens reap the rewards of the integration with the global economy, policymakers hope to capitalise on their position to continue their growth stories, buoyed by favourable demographics and geographic position,' the report said. To meet ambitious development goals, policymakers must raise additional revenue while reining in public spending, it added. Asia contributed roughly US$35 trillion to global gross domestic product and represented 60 per cent of economic growth last year, it said. It is also home to 46 sovereign wealth funds with US$4.8 trillion of assets as of April 2025. Ma Xingrui, party secretary for the Xinjiang Uygur autonomous region, meets with top Temasek executives in Urumqi in August 2024. Photo: Handout The report highlighted the prolific deal-making of Singapore's Government Investment Corp or GIC and Temasek, among the world's top spenders. Between January 2020 and April 2025, the Singaporean duo accounted for almost three-quarters of all capital deployed by Asian sovereign investors to top destinations like the US, India, UK and China.
South China Morning Post
21-03-2025
- Politics
- South China Morning Post
Praise for Xinjiang as Thai ministers visit deported Uygurs in western Chinese region
Thailand hopes to 'learn from Xinjiang 's experience' of managing a multi-ethnic society, deputy prime minister Phumtham Wechayachai has been quoted as telling the Communist Party chief of the western Chinese region earlier this week. Advertisement According to an official Chinese statement released on Friday, Ma Xingrui, party secretary for the Xinjiang Uygur autonomous region, held talks with Phumtham – who is also the Thai defence minister – in the city of Kashgar on Wednesday. The Thai delegation, which included senior officials and media representatives, also visited repatriated Uygurs at their homes the same day, accompanied by local officials, the Thai Public Broadcasting Service reported. Uygurs are a mainly Muslim ethnic minority that the West and rights groups claim have been persecuted by Beijing , which rejects the charge. Ma Xingrui, the Communist Party secretary for Xinjiang, hopes to 'further strengthen exchanges and interactions between Xinjiang and Thailand at the local level'. Photo: AP The Thai visit was part of a deal struck with Beijing when Bangkok agreed to send back 40 Uygurs who had spent more than a decade in detention since fleeing China. They are reported to have been trying to reach Turkey, which has a significant Uygur population, and were detained by Thai border control.
