Hong Kong Investment Management Company Limited (HKDIC) and Simo Technology jointly held the signing ceremony of the strategic cooperation agreement. The signing ceremony has been highly valued by the Hong Kong SAR government. Chief Executive of the Hong Kong Special Administrative Region Li Jiachao delivered a speech via video, and Financial Secretary of the Hong Kong Special Administrative Region Government Paul Chan was present to witness the signing and delivered a keynote speech at the luncheon. All circles have high hopes for the cooperation between HKEC and Simo Technology in the industrialization of cutting-edge artificial intelligence technologies, including the wider application in the Guangdong-Hong Kong-Macao Greater Bay Area, and the development of digital and intelligent transformation of the regional economy.

1SVR040000R1700 Chan Ka-chi, CEO of Hong Kong Investment Management Company Limited (left) and Jia Jia, Founder and Chairman of Simo Technology (right), signed a strategic cooperation agreement, which was signed by the Financial Secretary of the Government of the Hong Kong Special Administrative Region, Paul Chan (middle)
Chief Executive Li Ka-chao said in a video address: “This strategic partnership combines the rich investment experience and extensive network of HKDIC’s team, as well as Simo’s outstanding technology and innovation capabilities in the field of artificial intelligence and smart manufacturing. The cooperation covers the upstream and downstream industrial chain of artificial intelligence, talent training, and upgrading the level of Hong Kong’s computing power, which will promote the wider application of large-scale model innovation in the Greater Bay Area, and will also establish Hong Kong’s first artificial intelligence research institute, which is of great significance. I have high hopes for HKDIC. I hope that you will master forward-looking strategies to promote the development of target industries, promote the expansion of business networks, promote the development of new quality productivity, inject more creativity and vitality into Hong Kong’s innovation ecosystem, and support high-quality development through investment.”
At the signing ceremony, HKIC CEO Chan Ka-chi and Simo Founder and Chairman Jia Jia signed the strategic cooperation agreement on behalf of the two sides, and was signed by the Financial Secretary of the Hong Kong Special Administrative Region Government Paul Chan Mo-po, witnessed by more than 100 representatives from the technology and investment sectors and industry leaders.

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The signing of this agreement not only symbolizes the official launch of cooperation between the two sides, but also marks a new stage of Hong Kong’s accelerated development in the field of artificial intelligence.
In his keynote speech, Financial Secretary Paul Chan stressed: “On the one hand, the positioning of HKEC is to give full play to its capital guidance and leverage market power, attract science and technology enterprises to settle in Hong Kong, make them more deeply rooted in Hong Kong, and help Hong Kong accelerate the construction of a more vigorous strategic industry ecosystem; At the same time, seek reasonable long-term overall financial returns. Since its establishment, HKDIC has established close links with the start-up, investment and academic communities on a wide scale, and its approach to development is more direct, proactive and flexible. The collaboration between HKDIC and Mastermind is a good starting point. In the coming months, HKDIC will announce more strategic partnerships and implement direct investment and co-investment projects.”

1SVR040000R1700 Mr. Paul Chan, Financial Secretary of the Government of the Hong Kong Special Administrative Region delivered a keynote speech
Mr Chan said, “HKDIC has a dual mission to strive for reasonable returns and promote a more vibrant innovation ecosystem. This strategic collaboration with Si mou Technology is a good example to accelerate the application of AI to drive new industrialization and high precision manufacturing in Hong Kong with its leading technology and deep industry understanding; Hong Kong Investment Corporation’s support, network, influence and clustering effect will facilitate the further development of Simo Technology. In the future, we will continue to focus on core links and establish deep partnerships with more companies in different fields.”

Mr. Chan Ka-chi, CEO of Hong Kong Investment Management Company Limited, delivered a speech
Jia Jia said: “With the support of Hong Kong Investment Corporation, Simo will take Hong Kong as its home, focus on the industrial transformation opportunities brought by Industry 4.0, and firmly develop new quality productivity.” We will use emerging technologies such as artificial intelligence, big data and big models to actively build Hong Kong’s innovation ecology, and help the Bay Area’s industrial industries refresh and upgrade, and transform and develop. By working with HKDIC, we believe we can effectively integrate resources, create innovation momentum, upgrade manufacturing in Hong Kong and build a new foundation for the development of Industry 4.0.”