Latest news with #ClaraChanKa-chai
South China Morning Post
10-04-2025
- Business
- South China Morning Post
HKIC backs fintech unicorn WeLab to bring Hong Kong start-ups to Southeast Asia
The Hong Kong government's investment arm is keen to leverage the expertise of its latest investee – fintech unicorn WeLab – to support start-ups from the city looking to expand in Southeast Asia. Advertisement Hong Kong Investment Corp (HKIC), which manages HK$62 billion (US$8 billion) of funds, on Thursday formed a partnership with WeLab after acquiring an unspecified stake in the consumer finance company. The strategic partnership with WeLab 'marks another milestone in the HKIC's investment journey', said Clara Chan Ka-chai, CEO of HKIC, adding that the fund has invested in more than 100 projects so far. 'Every Hong Kong dollar invested by the HKIC has attracted over HK$4 from long-term capital for investment,' she added. Clara Chan, CEO of Hong Kong Investment Corporation, said the current market volatility might present some good long-term investment opportunities. Photo: Edmond So HKIC's outlay in WeLab is its first publicly known investment in a consumer finance company, which could lead to further investments in start-ups targeted at consumers.
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.
