Hong Kong’s government-owned wealth fund has joined forces with a leading Chinese artificial intelligence agency to attract global talent, reinforcing its ambition to become a technology hub. The initiative seeks to connect academic, investment, industry, and government sectors to foster cross-jurisdictional and cross-sectoral dialogue, according to HKIC CEO Clara Chan Ka-chai. She emphasized Hong Kong’s strategic position as a global leader in AI investment and development. The HKIC, known for its “patient capital” investment strategy, manages HK$62 billion and has backed over 120 projects, with several companies planning public listings. The collaboration with BAAI, which excels in talent development and technical expertise, aims to bolster Hong Kong’s new identity as a technology-driven city.

