news in 60 seconds
← Back to home
Finance6 hr ago

Hong Kong Investment Head: Each Dollar Invested Generates Over $8 in Returns

By TrendingWire Newsroom

The head of Hong Kong's government-owned investment vehicle said that for every dollar invested, the fund brings in more than eight dollars in returns. Clara Chan Ka-chai, CEO of the Hong Kong Investment Corporation (HKIC), made the statement at the Nusa Dua Forum in Bali, Indonesia, on Friday. The forum was organized by the South China Morning Post and Indonesia's sovereign wealth fund Danantara. Chan emphasized that official support and collaboration with private capital are crucial for sovereign wealth funds to succeed. She outlined strategies needed to deliver high returns, noting that partnerships are key to the fund's strong performance. The HKIC is a government-owned investment entity that manages public funds. Sovereign wealth funds are state-owned investment funds that manage a country's reserves. Chan's comments highlight the importance of combining public and private resources to achieve financial goals. The forum brought together investment leaders to discuss global economic trends and investment strategies. Chan's remarks underscore Hong Kong's efforts to position itself as a global financial hub and attract international investors.

Sources: SCMP
More in Finance
Finance5 hr ago
Wealthy European Clients Show Growing Interest in Hong Kong Family Offices: BNP Paribas
A growing number of wealthy European clients are looking to set up family offices in Hong Kong, according to BNP Paribas, France's largest bank. The trend highlights the city's appeal as a hub for managing investments in
SCMP