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Hong Kong investment arm to unveil 2 new innovation projects in next 2 months: Paul Chan
- Finance chief says projects related to medical technology and green development, as he re-emphasises his optimism about economy
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The government-owned Hong Kong Investment Corporation (HKIC) will unveil two new innovation projects related to medical technology and green development in the next two months, the finance minister has disclosed.
Financial Secretary Paul Chan Mo-po mentioned the projects on Sunday, after the government’s investment vehicle, which manages HK$62 billion (US$8 billion) of funds, struck recent deals with home-grown unicorn tech company SmartMore and artificial intelligence firm BioMap.
“There will be announcements [of more deals] in the next two months, one related to medical health and one related to green development,” Chan said in a radio interview.
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“If we continue to pave the way, we will see a very attractive Hong Kong,” he added of the city’s bid to boost its status as a business hub, continuing his push to inject optimism over the economy amid a gloomy outlook.
But the finance chief stopped short of providing more details of the two partnerships to be formed.
He said since the Office for Attracting Strategic Enterprises was launched in 2022, about 50 key corporate partners had either settled in Hong Kong or expanded their businesses in the city, investing more than HK$40 billion and creating 13,000 jobs.
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