Hong Kong is facing a huge deficit from government spending to keep residents and businesses afloat amid the Covid-19 pandemic and recession. Photo: Sun Yeung Hong Kong is facing a huge deficit from government spending to keep residents and businesses afloat amid the Covid-19 pandemic and recession. Photo: Sun Yeung
Hong Kong is facing a huge deficit from government spending to keep residents and businesses afloat amid the Covid-19 pandemic and recession. Photo: Sun Yeung

Hong Kong closer to launching unprecedented HK$22.4 billion investment vehicle with appointment of top executives

  • The Hong Kong Growth Portfolio, similar to Singapore’s sovereign wealth fund Temasek, will invest in projects centred on lifting city’s competitiveness
  • Six individuals from technology, banking and commerce will sit on governance committee chaired by Financial Secretary Paul Chan

Topic |   Hong Kong budget 2020-2021
Hong Kong is facing a huge deficit from government spending to keep residents and businesses afloat amid the Covid-19 pandemic and recession. Photo: Sun Yeung Hong Kong is facing a huge deficit from government spending to keep residents and businesses afloat amid the Covid-19 pandemic and recession. Photo: Sun Yeung
Hong Kong is facing a huge deficit from government spending to keep residents and businesses afloat amid the Covid-19 pandemic and recession. Photo: Sun Yeung
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