Hong Kong Set to Name HKMA Official CEO of New $8 Billion Fund
- New fund to invest in Greater Bay Area, growth firms
- HK seeks to boost economy after years of sluggish growth
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Hong Kong is poised to name Clara Chan as the first chief executive officer of a new HK$62 billion ($8 billion) fund being established to invest in businesses across the Greater Bay Area.
Chan, currently an executive director at the Hong Kong Monetary Authority, is set to be named CEO of the Hong Kong Investment Corp., people familiar with the matter said, asking not to be named discussing an internal decision. The appointment could be made in the coming weeks, said two of the people.