Hong Kong Investment Corporation Limited

Hong Kong Investment Corporation Limited (HKIC) is wholly owned by the Hong Kong Special Administrative Region Government. As patient capital, HKIC has a dual mission: to pursue reasonable financial returns in the medium to long term and, more importantly, to enhance Hong Kong's long-term competitiveness and economic vitality by supporting the development of Hong Kong's innovation and technology and strategic industries. HKIC also plays an important role in promoting cooperation and collaboration between the Hong Kong SAR Government and different sectors of investment, industry, academia, and research. HKIC manages investments totaling HK$62 billion, including the Hong Kong Growth Portfolio, Greater Bay Area Investment Fund, Strategic Tech Fund, and Co-Investment Fund. The corporation focuses on direct and co-investments in three key themes: Hard Technology, Biotechnology, and New Energy/Green Technology, as well as their related applications. The HKIC's investments contribute to the development of Hong Kong's innovation and technology industry and help local start-ups explore diversified markets and application scenarios. The HKIC has clear requirements for investee companies to contribute to Hong Kong's development in a sustainable manner, such as requiring the companies to establish offices in Hong Kong, nurture and attract talents, establish corporate venture capital (corporate VC) departments in Hong Kong and prioritise Hong Kong for their listing.