Golden Finance reported that the Hong Kong Monetary Authority officially announced that Assistant Director (Monetary Management) Chan Ka-kei has resigned from the HKMA and will leave on October 9, 2023. On the same day, he will join Hong Kong Investment Management Co., Ltd. as Chief Executive Officer. With Chan Ka-kei's departure, the Hong Kong Monetary Authority also announced other personnel changes in the senior management. Assistant Director (Banking Policy) Ho Hon-kit will replace Chan Ka-kei, and Assistant Director (Institutional Development and Operations) Chan Yi will replace Ho Hon-kit. In his Policy Address last October, Hong Kong Chief Executive John Lee announced that he would allocate HK$30 billion from the "Future Fund" to establish Hong Kong Investment Management Co., Ltd. (HKIC). The company is known as the "Hong Kong version of Temasek". The official website shows that HKIC will bring the "Hong Kong Growth Portfolio" (HK$22 billion), the "Greater Bay Area Investment Fund" (HK$5 billion) and the "Strategic Science and Technology Innovation Fund" (HK$5 billion), as well as the newly established "Co-Investment Fund" (HK$30 billion) to attract key enterprises to settle in Hong Kong, under unified management, with a total scale of HK$62 billion.
