Canadian pension fund OTPP pauses direct investments in China

Canadian pension fund OTPP pauses direct investments in China

FILE PHOTO: The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo

Ontario Teachers’ Pension Plan (OTPP), which manages C$242.5 billion ($181 billion) of assets, is pausing future direct investments in private assets in China, Canada’s No. 3 pension fund said in statement on Tuesday.