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NBIM announces closure of Shanghai office after 16 years Norway’s oil fund – the world’s largest sovereign wealth fund – has announced the closure of its Shanghai office. Norges Bank Investment Management (NBIM), which manages the $1.5 tn Pension Fund Global, says the closure is ‘driven by operational considerations’ and does not affect either the fund’s investment strategy or its investments in China. NBIM says that, as at the end of 2022, it was invested in approximately 850 Chinese companies with a

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Shareholder targeting & ID

NBIM announces closure of Shanghai office after 16 years

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By Garnet Roach

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