Exciting news from the Hong Kong Investment Corporation (HKIC) has been revealed by CEO Clara Chan Ka-chai. More deals are set to be made every quarter by the HKIC, setting the stage for economic growth and industry development in Hong Kong.
Exploring the HKIC:
John Lee Ka-chiu announced the establishment of the HKIC in the 2022 policy address. With four funds in place and a fifth fund on the horizon, the HKIC aims to attract companies to Hong Kong and support local start-ups.
HKIC’s Unique Approach:
Chan highlighted the HKIC’s dual mandate: achieving returns for the government while also fostering technology companies in Hong Kong. The HKIC focuses on hardware technologies, biotech, and green technologies.
Market Response:
Market experts are optimistic about the HKIC’s impact on Hong Kong’s financial ecosystem. It is expected to boost the local stock market and solidify Hong Kong’s position as a technology and green finance hub.