Hong Kong boosts investment body’s role in property sector, tech investment drive

Hong Kong’s government investment agency will take on a bigger role in attracting commercial property investment while advancing the establishment of an alliance focused on Chinese-developed RISC-V chips, as the financial secretary pledged additional funding to the corporation in Wednesday’s budget speech. The Hong Kong Investment Corporation (HKIC), which manages HK$62 billion (US$8 billion) in government funds, described its new role as a means to ‘encourage businesses to take root’ in the...

By Ng Kang-chung