Hong Kong to launch HK$5 billion source tech fund in June, finance chief reveals

Hong Kong will launch a fund worth HK$5 billion next month to support local tech companies and attract foreign start-ups, the city’s finance chief has told the Post.
Financial Secretary Paul Chan Mo-po said the government hoped the Strategic Tech Fund would fill the gap in series A and series B financing for start-ups and help convince investors to back projects by Hong Kong tech entrepreneurs.
Series A refers to a start-up’s first major venture capital financing, while Series B refers to further and larger investments from corporations or institutional investors.

Tan Kw