New HK venture fund needs "high-quality investors"

The Hong Kong government’s new HK$2 billion ($257 million) innovation and tech fund must properly incentivise investors to attract “high-quality” capital, said Denis Tse, executive director of the Hong Kong Venture Capital and Private Equity Association (HKVCA). The association has welcomed the scheme, which was launched this week to encourage investment from institutional venture capital funds into Hong Kong technology start-ups. It will use a matching process, whereby the govern…