Hong Kong moves to set up $1.2b FoF to invest in innovation & technology

Hong Kong moves to set up $1.2b FoF to invest in innovation & technology

An evening view of the financial Central district and Victoria Harbour in Hong Kong, China, May 9, 2023. REUTERS/Tyrone Siu

The Hong Kong government will set up a HK$10 billion ($1.2 billion) fund-of-funds (FoF) to invest in the innovation & technology (I&T) sector in a move to boost the city’s standing as a technology hub, according to an announcement. 

Edited by: Pramod Mathew

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