HK’s new wealth fund: How investments get picked

Hong Kong’s newly established $8 billion wealth fund is working with the government’s dedicated foreign investment agency to screen potential early investments. In the Web3 space alone, Invest Hong Kong, the government’s foreign direct investment agency, has met with over 40 funds from Hong Kong, mainland China, and overseas markets that intend to raise capital from the Hong Kong Investment Corporation (HKIC), according to King Leung, head of financial services and fintech at Inve…