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"If we continue to pave the way, we will see a very attractive Hong Kong."
That's the message from the city's finance minister, who says the government will announce two new deals in the next two months related to medical technology and green development, the South China Morning Post reports.
"There will be announcements [of more deals] in the next two months, one related to medical health and one related to green development," Paul Chan said in a radio interview Sunday.
Chan didn't give any details on the deals, but he said Hong Kong Investment Corporation, the government's investment vehicle, has struck deals with "home-grown unicorn tech company SmartMore" and artificial intelligence firm BioMap.
Hong Kong is trying to boost its status as a business hub, continuing its push to inject optimism over the economy amid a gloomy outlook.
Since late 2022, Chan said, about 50 key corporate partners have either settled in Hong Kong or expanded their businesses in the city, investing more than $40 billion and creating 13,000 jobs.
"Some say Hong Kong is losing its status as a financial center and there is a capital exodus," Chan said.
"But the fact is that we saw a growth in total deposits in 2023, total deposits and Hong Kong dollar deposits grew
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Selected Foundation News
A customized collection of news from foundations from around the Web.
A Canadian environmental group has launched a new website to inform residents of three counties in the south of the country about the effects of climate change, the CBC reports. The Nuclear...more
It's that time of year again: time for investors in the cleantech industry to take stock of what's in store for 2024 and figure out what kind of year it will be, Business Insider reports. "I...more
A nonprofit in Ireland that provides art and well-being courses to adults and children with learning disabilities has expanded with the help of a government-backed charity. Community Finance...more
"When the late Dr. Gopinadhan Paliyath I founded Psigryph Incorporated, our goal was to create technology products that had the power to help improve the lives of people across the country and to...more
Every year, MBA students at the Tuck School of Business at Dartmouth travel the world as part of the Bakala TuckGO program. This year, that meant visiting Chile, China, France, Iceland, Japan,...more
David Hertz grew up in a middle-class Brazilian household with strong Jewish values. After coming out as gay in his early 20s, tensions with his traditional parents were running high, he tells...more
When Eileen Kang started her jewelry business, Kinaesthetics Studio, out of her dorm room at Claremont University in California, she had no idea she'd end up being an Intuit Product Manager...more
Foundation: San Diego Foundation
The San Diego Foundation and the Dr.euss Foundation have awarded more than $1.3 million in grants to local nonprofits supporting early childhood education and care for San Diego families with young...more
Foundation: Henry Luce Foundation, Henry Luce Foundation
The Henry Luce Foundation for American Art has awarded a $250,000 grant to the Journal of the Association of Historians of American Art, a peer-reviewed online journal that has been publishing for a...more
The San Jose Sharks' charitable arm has passed $20 million in giving to the Bay Area community. The Sharks Foundation, the charitable arm of the NHL team, has donated $900,805 to 44...more
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Social Entrepreneurship
Spotlight
Voting For The Great Social Enterprise Pitch Is Now Ongoing
The Great Social Enterprise Pitch, a project of Assets Lancaster and the Lancaster County Community Foundation, has now opened its voting portal for people who will donate money to the projects they like best.