Oil fund closes its office in Shanghai

The decision to close its Shanghai office is ”only an adjustment” of NBIM’s operating business model, the gigantic sovereign fund explains.

NBIM’s representative office in Shanghai opened in November 2007. | Photo: Pexels: Ayala.

by REETA ILONA PAAKKINEN

Norges Bank Investment Management (NBIM) has initiated a process to close its representative office in Shanghai, the bank announces on its website.

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Oil fund closes its office in Shanghai

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Oil fund's management warns: AI comes with risks of human rights violations and misinformation

Tech stocks spearhead strong returns at Norway's oil fund

Oil fund opposes climate proposal initiated by Nordic investors

Sign up for our newsletter

Front page now

Nicolai Tangen is a huge fan of the Women in Finance Charter but stresses that promotions must be fair

Pension funds abandon dialogues with oil majors and divest shares

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

Swedish asset manager kicks off new fund with leading Nordic institution

More than one third of managers do not report ESG violations to Varma, despite shared values

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

BankInvest to optimize investment processes with new hire

World’s no. 1 stock owner calls out Big Oil as carbon levels go up

Nordics show clear appetite for new asset classes, BlackRock survey reveals

28 Nordic investors in new alliance to engage companies on nature risk

Storebrand growth fund gets new portfolio manager

Danish pension fund invests to support female entrepreneurship in Southeast Asia

Further reading

Swedish asset manager kicks off new fund with leading Nordic institution

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

BankInvest to optimize investment processes with new hire

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

Nordics show clear appetite for new asset classes, BlackRock survey reveals

More than one third of managers do not report ESG violations to Varma, despite shared values

Jobs