Revealed: global funds, from BlackRock to Temasek, back China’s largest biotech firms

AI Summary
Global funds, including BlackRock and Temasek, are investing heavily in China's largest biotech firms. These international institutional investors have been building significant stakes in Chinese biotech companies listed on the Hong Kong stock exchange over the past decade. BlackRock, for example, holds substantial shares in Innovent Biologics, 3SBio, WuXi AppTec, and WuXi Biologics, in some cases exceeding the 5% disclosure threshold. This investment reflects the growing importance of Chinese biotech and pharmaceutical companies on the global stage, with foreign investors seeking to capitalize on their future success. The investments provide capital for Chinese firms to grow and compete internationally.
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