东盟两大知名主权财富基金投资探析

The Comparison of the Temasek Holdings and the Khazahnah Nasional Berhad—the investment and its insight

淡马锡和国库控股是分别属于新加坡和马来西亚的两只主权财富基金（SWF）①。淡马锡建立于1974年，以利润为导向，运营业绩不凡，34年来股东总回报率②超过18％，其多元化投资形成了以亚洲为中心，在亚洲、欧洲、拉丁美洲和非洲均有涉猎的投资格局。国库控股则成立于1993年，作为马来西亚政府的投资臂膀，也积极进行多元投资，

There are more and more SWFs in our world which become larger and larger, cast significant in-fluence on the world economy. While the Temasek Holdings and the Khazanah, as two outstanding SWFs in the ASEAN, have been expanding quickly for recent years. Their experiences, investment strategies, especially the methods when dealing with trouble are of great worth to us.