Danantara reportedly looking to set up Hong Kong branch office
Bloomberg has reported that Danantara is looking to set up and staff a representative office in the Chinese special administrative region.
Indonesian state asset fund Danantara is reportedly planning to establish a branch office in Hong Kong, according to a Bloomberg report. The capital city of Indonesia, Jakarta, is home to Danantara, which manages assets worth around US$900 billion. The fund has reportedly registered holding and finance subsidiaries in Hong Kong, with an official registration in March under the name Danantara Investment Holding Hong Kong.
Bloomberg cited anonymous sources familiar with the situation, stating the fund is seeking to hire investment professionals for its Hong Kong branch while searching for an appropriate location. The report also mentioned that Hong Kong-based executive Sisi Liu will lead Danantara's Greater China and North Asia investments, focusing on artificial intelligence, robotics, and advanced manufacturing. A statement from Danantara has yet to be issued on the matter.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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