THE DISTILLERY: Chinese charge

Jotters mull the implications of China's State Grid Corporation power swoop, with one flagging an element of sovereign risk for state governments.

As the new week begins, expect more discussions around the news that China’s State Grid Corporation has picked up a range of Australian energy assets from Temasek Holdings’ Singapore Power. Without a word escaping to the press, these assets have gone from a Singaporean sovereign wealth fund to a Chinese state-owned enterprise.

Does it matter if the assets are owned by a state-controlled entity from China as opposed to Singapore? The answer is both not really and absolutely.


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