TechFlow reports that Norman Chan, Assistant Chief Executive (Monetary Management) of the Hong Kong Monetary Authority, is set to become the first CEO of Hong Kong Investment Corporation Limited (HKIC), dubbed the "Hong Kong version of Temasek." The appointment is expected to be announced in the coming weeks. According to reports, Chan will lead a team of eight general partners to make strategic investments in sectors including technology, healthcare, logistics and supply chain management, financial services, and consumer goods. Last October, Chief Executive John Lee announced in his Policy Address that HK$30 billion would be allocated from the "Future Fund" to establish HKIC, aimed at attracting capital and investors to support local enterprises, with Financial Secretary Paul Chan serving as chairman.
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