Global capital is tiptoeing into Hong Kong's market, aided by the city's investment fund

Core Insights - Global financial investors are increasingly entering Hong Kong discreetly to avoid attention amid rising geopolitical tensions [1] - The Hong Kong Investment Corporation (HKIC), with assets of HK$62 billion (US$8 billion), aims to protect its investments from geopolitical risks by being agile in capital and talent flow [2][5] - The HKIC's International Forum for Patient Capital attracted global investors with over US$20 trillion in combined assets, highlighting the interest in Hong Kong as an investment destination [3][4] Investment Focus - The HKIC was established in 2022 to transform Hong Kong into an innovation and technology hub, focusing on hard technology, biotechnology, and green technology [5] - Biotechnology constitutes approximately 20% of the HKIC's investments, emphasizing its importance for public health and alignment with central government initiatives [6]