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"If we continue to pave the way, we will see a very attractive Hong Kong."
That's the message from the city's finance minister, who says the government will announce two new deals in the next two months related to medical technology and green development, the South China Morning Post reports.
"There will be announcements [of more deals] in the next two months, one related to medical health and one related to green development," Paul Chan said in a radio interview Sunday.
Chan didn't give any details on the deals, but he said Hong Kong Investment Corporation, the government's investment vehicle, has struck deals with "home-grown unicorn tech company SmartMore" and artificial intelligence firm BioMap.
Hong Kong is trying to boost its status as a business hub, continuing its push to inject optimism over the economy amid a gloomy outlook.
Since late 2022, Chan said, about 50 key corporate partners have either settled in Hong Kong or expanded their businesses in the city, investing more than $40 billion and creating 13,000 jobs.
"Some say Hong Kong is losing its status as a financial center and there is a capital exodus," Chan said.
"But the fact is that we saw a growth in total deposits in 2023, total deposits and Hong Kong dollar deposits grew
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"There is huge potential for our technological ingenuity to deliver better healthcare both in the UK and globally," Dr. Hutan Ashrafian writes in the Conversation. That's why Imperial College...more
"Food insecurity severely impacts the health of underinvested communities," Kyu Rhee, MD, CEO of the National Association of Community Health Centers, says in a press release. "And while the...more
If you're obese while pregnant, you may want to think twice about raising your child. A new study out of Oregon Health & Science University suggests that increased adipositythe amount of fat in...more
In January 2024, Froedtert ThedaCare Health merged with ThedaCare Health System in Wisconsin to create one of the country's largest not-for-profit health systems. Now, Cathy Jacobson, president...more
The "biotechnology market" was valued at more than $7 billion in 2015 and is expected to reach nearly $10 billion by 2024, according to a new report by Grand View Research. North America held the...more
"Talk to anyone living with a chronic disease like diabetes and they will mention the struggle of having to inject themselvesin some caseseven multiple times a day," Exolvo Biosciences CEO Brian...more
It's called the "pill penalty," and it's causing a lot of trouble in the medical world. It's the result of a provision in the 1990 Inflation Reduction Act that requires Medicare to pay 10% of the...more
If you've ever wondered how much time you spend on social media, what kind of diet you eat, and whether you own a pet, you're in luck: There's a growing field of "life data" that can shed light on a...more
"If we continue to pave the way, we will see a very attractive Hong Kong." That's the message from the city's finance minister, who says the government will announce two new deals in the next two...more
Researchers in Australia are working to improve the dental health of Indigenous children in remote communities, the Guardian reports. Thanks to more than $2 million in funding from the Australian...more
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Community Foundation of Broward
Outer Banks Community Foundation
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Voting For The Great Social Enterprise Pitch Is Now Ongoing
The Great Social Enterprise Pitch, a project of Assets Lancaster and the Lancaster County Community Foundation, has now opened its voting portal for people who will donate money to the projects they like best.
