People familiar with the matter said that the Canadian Pension Planning Board (Canada Pension Plan Investment Board) has reduced more than a dozen positions in the stock team of Greater China, accounting for nearly 10%of its Hong Kong employees.
According to Bloomberg News on Wednesday (March 6), an anonymous insider requested that the company had conveyed the news of the layoffs to the employees and transferred the investment portfolio of the affected employees to other investment teams.After layoffs, the company still has about 140 positions in Hong Kong.
When the company responded to the issue of layoffs in an email statement, as an active investment management company, the risks and opportunities found in different companies, industries, and/or regions will continueAdjust global investment measures.China is still a key part of the investment portfolio.
Bloomberg reported that due to the severe downturn in the real estate market and weak economic growth, the Chinese stock market has been falling, and banks and investment companies have been cutting off -related positions with China.
