The Chinese national flag is seen in front of the financial district Central on the Chinese National Day in Hong Kong, China October 1, 2022.
Most were on the fund's private equity team and were informed early last month, according to two of the people.
CPP, which employs more than 150 people in Hong Kong, its Asia hub, declined to comment.
The Ontario Teachers' Pension Plan (OTPP) closed down its China equity investment team based in Hong Kong in April, Reuters has reported.
There have been $3.2 billion worth of acquisitions of firms in China by private equity so far this year.
Persons:
Tyrone Siu, Gina Raimondo, Canada's, Michel Leduc, Julie Zhu, Kane Wu, Edwina Gibbs
Organizations:
REUTERS, Investments, U.S, . Commerce, The Ontario Teachers, Reuters, Caisse, Financial Times, Thomson
Locations:
Central, Hong Kong, China, HONG KONG, Asia, Canada, U.S, Washington, Shanghai