The Hong Kong SAR Government will establish a HK$100 billion fund to support the development of the innovation and technology industry

On October 16th, Jinshi Data reported that the Chief Executive of the Hong Kong Special Administrative Region, Carrie Lam, stated that the government will establish a 10 billion yuan fund to guide the innovation and technology industry, set up a parent fund, and strengthen the guidance of market funds to invest in designated strategic emerging and future industries, including life and health technology, artificial intelligence and robots, semiconductors and intelligent devices, advanced materials, and new energy, etc., to systematically build an innovative and technological industry ecosystem.

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