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

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Hong Kong's government investment agency, the Hong Kong Investment Corporation (HKIC), will expand its role to attract commercial property investment and promote Chinese-developed RISC-V chips. The HKIC, managing HK$62 billion in government funds, aims to encourage businesses to establish themselves in Hong Kong. Financial Secretary Paul Chan Mo-po announced additional funding for the HKIC, highlighting its success in investing in over 190 high-tech projects, including life technology, new energy, and green technology. According to Chan, for every dollar invested by the HKIC, eight dollars in capital investment is attracted, drawing global capital to advance frontier technologies. The expansion signals confidence in the HKIC and broadens its investment remit.
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