Hong Kong investment company HKIC to get expanded remit after early gains

All eyes on Wednesday will be on how the government plans to give a big push to its latest investment darling, the Hong Kong Investment Corporation, its three-year-old vehicle that has yielded impressive early gains. Sources told the South China Morning Post that the HKIC would come up as a key highlight in Financial Secretary Paul Chan Mo-po’s budget statement to be delivered on Wednesday. It will be tasked to work closely with regional and international long-term capital to “guide investmen...

By Jeffie Lam