‘HKIC drives market capital into promising firms’
Chief Executive of Hong Kong Investment Corporation (HKIC), Clara Chan, on Sunday said the company had evolved from acting as a pure investor into a corporation playing diverse roles. Speaking on a Commercial Radio programme, Chan said the company, owned by the SAR government, was a lead investor that drove market investment. “Besides acting as an investor, we also look for promising enterprises.…
Clara Chan, Chief Executive of the Hong Kong Investment Corporation (HKIC), stated on Sunday that the investment firm has transitioned from being a mere investor to a corporation with multiple roles. In an interview on a Commercial Radio program, Chan emphasized that HKIC is a leading investor that actively drives market investment.
Beyond its investment role, Chan explained that HKIC seeks out promising businesses. According to Chan, the company provides more than just capital during the growth and investment phases of these enterprises; it also leads the investment and entices additional investors to support the company collectively. For every dollar invested in a company, HKIC can, on average, mobilize over eight dollars in long-term market investment.
Chan highlighted that HKIC also plays a pioneering role in fostering the growth of the Northern Metropolis, the Greater Bay Area, and innovative sectors. The company aims to contribute to society, not just generate financial profits, with the hope that the enterprises it invests in will develop products or services that benefit the public. HKIC's investments span various fields, including artificial intelligence, green energy, and life sciences, which directly impact people's lives.
Moreover, Chan revealed that HKIC has invested in more than 200 companies. Among these investments, 11 enterprises are already listed on the Hong Kong stock exchange, while over 30 have submitted or plan to submit listing applications in Hong Kong this year.
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