Clara Chan Ka-chai
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Hong Kong government’s venture fund eyes bigger bankroll after double-digit return
Hong Kong government’s venture fund eyes bigger bankroll after double-digit return Financial secretary says investment arm will also take lead on new offshore yuan-denominated venture capital fund The 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...