HK's new wealth fund to start investing, plans SWF summit
The Hong Kong Investment Corporation is set to make its first batch of direct and co-investments in the first half of this year, the city’s financial chief announced in the latest budget.
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The new Hong Kong Investment Corporation (HKIC) is posed to boost the city’s technology sector development by making new investments and hosting summits targeting international sovereign wealth funds in the year ahead.
The fund is set to implement its first batch of direct investment and co‑investment projects in the first half of 2024, Hong Kong’s Financial Secretary Paul Chan Mo-po announced while unveiling the city’s annual budget on February 28.
Paul Chan
HK Financial…
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