SINGAPORE - Temasek Holdings Pte, Singapore's state-owned investment company, has named Ding Wei of China International Capital Corp (CICC) as country head to grow its business in the world's fastest-growing major economy.

Ding, who was responsible for CICC's investment banking business, will join Temasek on Monday as it expands holdings in Asia outside Singapore and Japan. The region accounted for 46 percent of the company's S$186 billion ($145 billion) portfolio in the year ended March, up from 43 percent a year earlier, according to its website.

The investment company owns stakes in Bank of China Ltd and China Construction Bank Corp.