Hong Kong’s US$8 billion wealth fund eyes fintech, aerospace and AI for growth

AI Summary
The Hong Kong Investment Corporation (HKIC), managing US$8 billion, is targeting investments in fintech, aerospace, and artificial intelligence to boost Hong Kong's long-term competitiveness and generate financial returns. CEO Clara Chan announced this strategy at the Asia Private Equity Forum, highlighting Hong Kong's strengths and the influx of talent and enterprises. The HKIC aims to capitalize on opportunities arising from geopolitical shifts and China's push for technological self-reliance. As a long-term institutional investor, the HKIC is actively seeking co-investments from international institutions and identifying promising growth companies. The HKIC's dual mandate aligns with a period of rising geopolitical tensions, creating new investment prospects for the city.
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