Latest news with #AntonyLeungKam-chung
South China Morning Post
12-02-2025
- Business
- South China Morning Post
Hong Kong touts free medical tests in deal with Antony Leung's New Frontier
Published: 4:05pm, 12 Feb 2025 Hongkongers will be able to receive free medical tests and access internships under a deal between the government's investment arm and a major healthcare service provider in the Greater Bay Area . The Hong Kong Investment Corporation (HKIC) and the New Frontier Group, a company co-founded by former finance minister Antony Leung Kam-chung, announced the partnership on Wednesday. The tie-up is aimed at accelerating the city's development into an international healthcare and medical innovation hub. Clara Chan Ka-chai, CEO of the HKIC, said the investment would help the New Frontier Group provide support for testing services, medical research and the development of clinical applications. 'Based on the need for scientific research, a certain number of free testing services will be provided to Hong Kong residents for specific research projects,' she said. She added that further details would be released later.
South China Morning Post
12-02-2025
- Business
- South China Morning Post
Hong Kong fund invests in medical firm to nurture city's innovations
Published: 4:01pm, 12 Feb 2025 The Hong Kong government's HK$62 billion (US$8 billion) investment fund is teaming up with a medical group co-founded by the city's former finance minister to bring innovations developed by start-ups into clinical use across the Greater Bay Area. Hong Kong Investment Corporation (HKIC) said on Wednesday that it would fund New Frontier Group as it works to identify biotech start-ups with great potential and help promote the clinical application of their products. The partnership is HKIC's first this year. 'We have invested in various biotechnological projects in the past year, and we are seeking routes to apply such innovations to reach patients, to cover the last mile,' said Carla Chan Ka-chai , CEO of HKIC. 'The facilities and services of [New Frontier Group] have provided scenarios for application of such innovation.' Co-founded and chaired by former financial secretary Antony Leung Kam-chung, New Frontier has a presence in 59 Chinese cities, including Hong Kong. In 2019, the group acquired United Family Healthcare , one of the largest private hospital chains by revenue in mainland China. Leung said the firm would promote commercialisation of Hong Kong medical innovations in the bay area, while also helping mainland biomedical breakthroughs enter the international market through Hong Kong. The Greater Bay Area is the Chinese government's scheme to link Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic and business hub. 'What we are hoping to do is create an end-to-end ecosystem from research labs to clinics,' said Carl Wu, co-founder and CEO of New Frontier. Under the partnership, New Frontier will provide contract research services, including seeking clinical trial scenarios for product verification and assisting with licensing and registration.
