Hong Kong’s Investment Arm Set to Start Funding Projects by Year-End

The Hong Kong Investment Corp. Ltd. (HKIC), a new government-owned investment operation created last October, is actively selecting potential projects and is expected to begin pouring money into them by year-end, said King Leung, head of Fintech at InvestHK.

The investment arm, viewed as the special administrative region’s parallel to Singapore’s Temasek Holdings, not only will invest directly from its HK$62 billion ($7.91 billion) of funds but also plans to place funds with selected partners from more than 40 other funds, which will then make direct investments. Only investments of more than $100 million will be direct placements, Leung said.