Hong Kong Investment Corporation Limited
Introduction
The Hong Kong Investment Corporation Limited (HKIC) is wholly owned by the Government of the Hong Kong Special Administrative Region. The HKIC consolidates the management of the investment activities of the “Hong Kong Growth Portfolio”, “Greater Bay Area Investment Fund”, “Strategic Tech Fund”, and “Co-Investment Fund”. The objectives of the HKIC are to identify investment opportunities and strategically promote development of target industries, so as to enhance the long-term competitiveness and economic vitality of Hong Kong while generating investment return. In this regard, it pools together relevant resources under the steer of the Government to attract and support foreign and local enterprises to further develop Hong Kong.
Background
Hong Kong Investment Corporation Limited
In the 2022 Policy Address, the Chief Executive announced the establishment of the HKIC to further optimize the use of financial reserves for promoting the development of industries and the economy. In this regard, the HKIC is established to manage the investment activities of the Hong Kong Growth Portfolio, the Greater Bay Area Investment Fund, the Strategic Tech Fund, and the Co-Investment Fund, for attracting and supporting enterprises to develop their business in Hong Kong.
Hong Kong Growth Portfolio
In the 2020-21 Budget Speech, the Financial Secretary announced that he would establish the “Hong Kong Growth Portfolio” to make strategic investments in projects with a Hong Kong nexus. In the 2022-23 Budget Speech, the Financial Secretary announced that he would increase the funding allocated to the existing target size of HK$22 billion “Hong Kong Growth Portfolio” by HK$10 billion, of which HK$5 billion would be used to set up the “Strategic Tech Fund” and the remaining HK$5 billion would be used to set up the “Greater Bay Area Investment Fund”.
Co-Investment Fund
It was announced in the Chief Executive’s 2022 Policy Address that the Government would establish the HK$30 billion “Co-Investment Fund” for attracting enterprises to set up operations in Hong Kong and investing in their business.
Governance
The composition of the Board of Directors of the HKIC is as follows:
Chairman :
- Financial Secretary
Members :
- Deputy Financial Secretary
- Secretary for Financial Services and the Treasury
- Secretary for Innovation, Technology and Industry
- Secretary for Commerce and Economic Development
- Chief Executive, Hong Kong Monetary Authority
- Deputy Chief Executive, Hong Kong Monetary Authority
- Chief Executive Officer, Hong Kong Investment Corporation
- Dr Victor Fung
- Professor Lawrence Lau
- Dr James Lin
- Mr Carlson Tong
The Board of Directors is responsible for the oversight of the HKIC and gives guidance on relevant areas such as the investment strategy, and the procedures and criteria for identifying investment partners or targets. To assist the Board of Directors in discharging its duties, the Investment Committee, the Remuneration Committee, and the Audit Committee have been established.
For More Information
For more information on the establishment of the HKIC, please visit the following websites/ linked documents:
Speeches
Speech by the Chief Executive Officer at HSBC, Cathay Pacific, and EcoCeres Sustainable Aviation Fuel Partnership Launch Ceremony (19 November 2024)
Speech by the Chief Executive Officer at Hong Kong Start-up Investment and Development Summit (Chinese) (13 September 2024)
Speech by the Chief Executive Officer at BIOHK2024 (11 September 2024)
Speech by the Chief Executive Officer at Kick-off Ceremony for E-mobility Ecosystem Partnership Supporting Hong Kong’s Green Tech Expansion Abroad (22 August 2024)
Speech by the Chief Executive Officer at Kick-off Ceremony for Ecosystem Augmentation with HKIC and Galbot Co. Ltd. (Chinese) (19 July 2024)
Speech by the Chief Executive Officer at International Bio-Computing Innovation Summit (24 June 2024)
Speech by the Chief Executive Officer at HKIC×SmartMore Strategic Partnership Signing Ceremony (Chinese) (12 June 2024)
Relevant background information
Relevant press releases
The HKIC announces operational details of the CIES IP under the New Capital Investment Entrant Scheme (November 2024)
Hong Kong Investment Corporation Hosts its Inaugural “Hong Kong Start-up Investment and Development Summit” (September 2024)
Hong Kong Investment Corporation and Spark Launch E-mobility Ecosystem Partnership (August 2024)
Hong Kong Investment Corporation and GALBOT Collaborate on Hong Kong Ecosystem Augmentation (July 2024)
Hong Kong Investment Corporation x BioMap Sign Strategic Partnership Agreement (June 2024)
Hong Kong Investment Corporation and "Hong Kong Unicorn" SmartMore signed a strategic partnership agreement today (June 2024)
Appointment of Chief Executive Officer of the Hong Kong Investment Corporation Limited (October 2023)
First meeting of Board of Directors of Hong Kong Investment Corporation Limited Held (February 2023)
Government announces Board of Directors of Hong Kong Investment Corporation Limited (February 2023)
The HKIC webpage is still under development and further information will be provided at a later stage.