Weekly Digest: HK wealth fund ready to invest; QIA buys stake in Chinese fund house

TOP NEWS OF THE WEEK Hong Kong Investment Corporation (HKIC) which manages HK$62 billion ($8 billion) of funds, will make its first batch of investment in start-ups in June. “We will make our first batch of direct investment or co-investment this month in a number of start-ups in three major sectors – hard and core technology, biotechnologies, and new energy and green technologies,” said Clara Chan Ka-chai, CEO of HKIC, in her first interview after taking the role in October.…