Hong Kong's AI bet through Temasek-style fund signals strategic shift

City steps up comprehensive effort to transform into tech hub in tense times

20240607 HK skyline

Hong Kong is pulling out all the stops to make itself a destination for tech companies, from direct investments to courting international contestants for a startup "elevator pitch" competition held at the city's International Financial Centre, at right. (Photo by Kenji Kawase)

CISSY ZHOU and PEGGY YE, Nikkei staff writers

HONG KONG -- The Hong Kong government is shifting its investment strategy as part of a comprehensive effort to transform the city into a tech hub as geopolitical pressure builds and its traditional growth drivers of finance and property face challenges.

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