According to Odaily, Hong Kong's new capital investment initiative is set to commence its first round of funding in the first quarter of next year. The Chief Executive Officer of the Hong Kong Investment Company, Chan Ka-chi, expressed the company's intention to identify investment areas that, while currently underdeveloped, have the potential for explosive growth and can significantly benefit the local society and economy.
Chan emphasized the importance of targeting sectors that are not yet mature but hold promise for future expansion. This strategic approach aims to foster innovation and economic development within Hong Kong by investing in areas that could yield substantial returns in the long term.
Legislative Council member Ng Kit-chung suggested that the focus should be on the Web 3 domain, which includes foundational blockchain technologies, regulatory technology, financial technology, and cross-border applications. Ng highlighted that Hong Kong is already home to over ten unicorn companies, indicating that these sectors are ripe for further exploration and investment. This focus on Web 3 technologies aligns with the broader goal of positioning Hong Kong as a leader in innovative and emerging industries.
