China Welcomes Singapore’s Temasek Investment as Vice Premier He Lifeng Pledges Market Expansion

Vice Premier He Lifeng met with Temasek Chair Teo Chee Hean, welcoming Singaporean investment to share in China's market expansion and economic opportunities.

By: AXL Media

Published: Mar 23, 2026, 6:20 AM EDT

Source: Reuters

"Better-Than-Expected" Economic Start

According to state media outlet Xinhua, Vice Premier He Lifeng highlighted that China’s economy has entered 2026 with a performance that exceeded initial projections. He emphasized that the government remains committed to expanding and upgrading its domestic market, providing a stable platform for institutional investors like Temasek. This proactive diplomatic outreach comes at a time when global markets are facing significant volatility due to regional conflicts and shifting interest rate expectations.

Strengthening Singapore-China Ties

The meeting with Temasek Chairperson Teo Chee Hean serves as a strategic reinforcement of the financial corridor between Singapore and China.

Market Access: He Lifeng assured Singaporean representatives that China would continue to remove barriers for foreign capital in key sectors.

Economic Performance: While specific data points were not disclosed in the Xinhua brief, the "better-than-expected" sentiment suggests resilience in domestic consumption or industrial output despite global headwinds.