The Canada Pension Plan Investment Board (CPPIB), which manages $368.5 billion, wants to open a Beijing office as soon as next year. The Beijing staff would work closely with the CPIBB’s 130 employees in Hong Kong. The CPPIB has already invested $4 billion in China. (Bloomberg)

Talking point: Despite Canada-China tensions amid Canada’s Huawei cybersecurity review and the arrest of Huawei CFO Meng Wanzhou in Vancouver, the CPPIB—Canada’s largest pension fund and among the world’s 10—still sees the country as an opportunity to diversify its portfolio in the long term. In an interview with CNBC, CPPIB CEO Mark Machin said China’s position as the second-largest economy in the world—as well as the second-largest equity market and third-largest bond market—overshadowed any short-term challenges.