Temasek is single-largest foreign investor in Chinese banks: report

Singapore

SINGAPORE's Temasek Holdings is the single-largest foreign investor in Chinese banks, data from SNL Financial showed on Tuesday.

And this comes as Chinese banks have outdone their peers in the region, according to indices from SNL. Its SNL China Bank index gained 34.71 per cent in the one year through March 31, far outperforming the SNL Asia-Pacific Bank index, which rose 7.56 per cent. These regional banks would include those from Japan and Australia.

The data on foreign investments in Chinese banks includes all classes of publicly traded common shares, but excludes investments reported before Jan 1, 2014. The market value of each investor's stake in a company was calculated based …