Hong Kong investment company HKIC to get expanded remit after early gains

Hong Kong investment company HKIC to get expanded remit after early gains

All eyes on Wednesday will be on how the government plans to give a big push to its latest investment darling, the Hong Kong Investment Corporation, its three-year-old vehicle that has yielded impressive early gains. Sources told the South China Morning Post that the HKIC would come up as a key highlight in Financial Secretary Paul Chan Mo-po’s budget statement to be delivered on Wednesday. It will be tasked to work closely with regional and international long-term capital to “guide investment.....

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