Photo: AIIB

The Hong Kong Monetary Authority (HKMA) and the Asian Infrastructure Investment Bank (AIIB) on Thursday signed a partnership agreement to support venture capital (VC) in emerging Asia, marking a new milestone deepening the ties and collaboration between the two institutions, according to a press release on the AIIB's official website. 

Under the partnership, the AIIB and the HKMA will collaborate closely to invest in a portfolio of VC funds that prioritize investments across emerging markets in Asia. AIIB and HKMA aim to jointly support the development of innovative technologies and business models for green and technology-enabled infrastructure in Asia's emerging economies, while promoting Hong Kong's established ecosystem for VCs and innovators across the region, the press release said.

Global Times