HK’s Future Fund to set up new investment portfolio

Hong Kong’s Future Fund, the city’s de facto sovereign wealth fund, will set up a new HK$22 billion ($2.82 billion) investment portfolio to diversify its investments and directly support the city’s economy, the territory’s government has announced. Paul Chan “We must make good use of the Future Fund to continuously invest for the future of Hong Kong. The government agrees with the recommendations of the group [of advisors], including the establishment of a new Hong Kong gr…