Norway’s sovereign wealth fund closes China office

Norwegian oil fund manager says its Singapore office is now the hub of its operations in Asia

Norges Bank HQ, Oslo
Norges Bank headquarters, Oslo
Esten Borgos

Norges Bank Investment Management (NBIM), the manager of Norway’s oil fund, is closing its China office.

NBIM said in a statement on September 7 that it had initiated a process to close its representative office in Shanghai, which has been operating for 15 years.

It said the decision is driven by “operational considerations” and does not affect the fund’s investment strategy or investments in China.

The Norwegian oil fund, or the Government Pension Fund Global, was invested in around 850

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