Cross-sectoral and multi-dimensional collaboration creates an environment where resources, knowledge, expertise and insights combine to sustain economic growth and social development
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The HKIC strategically aligns Hong Kong's financial resources with its long-term economic goals. These portfolios are designed to enhance the city's competitiveness, foster innovation, and drive sustainable growth across various sectors.
In the 2020-21 Budget Speech, the Financial Secretary announced the establishment of the “Hong Kong Growth Portfolio” to make strategic investments in projects with a Hong Kong angle. In the 2022-23 Budget Speech, the Financial Secretary announced an increase in funding for the existing target size of HK$22 billion “Hong Kong Growth Portfolio” by HK$10 billion, of which HK$5 billion would be allocated to establish the “Strategic Tech Fund” and the remaining HK$5 billion would be used to set up the “Greater Bay Area Investment Fund”.
Hong Kong is an integral part of the Greater Bay Area which has a promising prospect and is well positioned to be a key growth engine for the future. Investing in the Greater Bay Area will not only inject greater dynamism to the region, but also bring significant economic and social benefits to Hong Kong.
Supporting the development of innovation and technology is important for nurturing New Quality Productive Forces, and enhancing the diversity and growth impetus of our economy.
In the 2022 Policy Address, the Chief Executive announced the establishment of the HK$30 billion “Co-Investment Fund” for, among other things, attracting enterprises to set up operations in Hong Kong and implementing projects that could bring long-term and strategic benefits to Hong Kong.