 fund being established to invest in businesses across the Greater Bay Area, according to sources.){kind=link}
Hong Kong set to name HKMA’s Clara Chan CEO of new US$8 billion Greater Bay Area focused fund, sources say
Clara Chan, an executive director at the Hong Kong Monetary Authority, is set to be named CEO of the Hong Kong Investment Corp, sources sayThe fund was unveiled by Chief Executive John Lee in his Policy Address last year to ‘further optimise the use of fiscal reserves’ and enhance ties with bay area citiesBanking & financeBloombergPublished: 12:09pm, 29 Sep, 2023Why you can trust SCMP
A spokesperson for HKIC said the open recruitment for the job is still ongoing. The government referred questions to the HKIC and declined further comment.
The fund was unveiled by Chief Executive John Lee in his maiden Policy Address last year. Its aim is to “further optimise the use of fiscal reserves” to promote the economy and industries and enhance ties with Chinese mainland cities surrounding Hong Kong.
Chan, who is in her early 40s, will oversee eight general partners in making strategic investments in sectors including technology, healthcare, logistics and supply chain management, financial services and consumer products.