Hong Kong considers new offshore yuan venture fund for tech, emerging industries

Hong Kong is considering launching a new offshore renminbi venture fund to channel capital into cutting-edge technology and emerging industries while also supporting the internationalisation of the yuan, the finance chief has said. The initiative would align with the nation’s latest five-year plan, which calls on Hong Kong to enhance its role as an international financial hub and expand its offshore renminbi business. “We are actively considering establishing a brand-new offshore renminbi...