Hong Kong considers new offshore yuan venture fund for tech, emerging industries
SCMP·
- Hong Kong is actively considering launching a new offshore RMB venture capital fund to channel capital into cutting-edge technology and emerging industries while supporting RMB internationalization.
- This initiative aligns with China's 15th Five-Year Plan, aiming to enhance Hong Kong's role as an international financial center and expand offshore RMB operations.
- The Financial Secretary emphasized the need for accelerated efforts in innovation and technology, highlighting investments by the Hong Kong Investment Company, which manages over HKD 62 billion and has supported numerous projects across various sectors.