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Bangkok Post
Bangkok Post
Business

Hong Kong to launch tech fund to attract local firms, foreign start-ups

The Hong Kong Science Park. (South China Morning Post photo)

HONG KONG: Hong Kong will launch a fund worth HK$5 billion (23 billion baht) next month to support local tech companies and attract foreign start-ups, the city's finance chief has said.

Financial Secretary Paul Chan Mo-po told the South China Morning Post 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.

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