The Hong Kong Monetary Authority officially announced that Assistant Chief Executive (Currency Management) Chan Ka-ki has resigned from the Hong Kong Monetary Authority and will leave his post on October 9, 2023. On the same day, he will join Hong Kong Investment Management Co., Ltd. as chief executive. With Chen Jiaqi's departure, the Hong Kong Monetary Authority also announced other personnel changes in senior management. Assistant President (Banking Policy) Stanley Ho will replace Chen Jiaqi, and Assistant President (Institutional Development and Operations) Chen Yi will succeed Peter Ho.
In his "Policy Address" in October last year, Hong Kong Chief Executive Lee Ka-chiu announced that he would allocate NT$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 Combining the "Hong Kong Growth Portfolio" (HKD 22 billion), the "Greater Bay Area Investment Fund" (HKD 5 billion) and the "Strategic Science and Technology Innovation Fund" (HKD 5 billion), as well as the newly established fund to attract key enterprises to settle in Hong Kong The "Co-Investment Fund" (30 billion Hong Kong dollars) is under unified management, with a total scale of 62 billion Hong Kong dollars.