Source: Tech – South China Morning PostThe government’s investment arm achieved a double-digit internal rate of return last year, greater than many newly established venture capital funds, according to its CEO.
“Many overseas funds have a J-curve performance, as they tend to suffer an initial loss before a gain,” said Clara Chan Ka-chai, CEO of Hong Kong Investment Corporation (HKIC). “But we have already bypassed the J-curve, as we have earned HK$2.3 billion [US$293 million] in 2024, while we have achieved a double-digit rate of…Read More