'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.…
Hong Kong Investment Corporation (HKIC) has shifted from being a pure investor to a corporation with diverse roles, according to Chief Executive Clara Chan. The SAR government-owned company acts as a lead investor, driving market investment and supporting promising enterprises throughout their growth journey and investment rounds.
For every dollar HKIC invests in a company, it can mobilize more than eight dollars in long-term market investment. Chan also emphasized the company's role as a pioneer in supporting the development of the Northern Metropolis, the Greater Bay Area, and cutting-edge fields. HKIC aims to contribute to society beyond financial profits, hoping the invested enterprises can provide products or services that benefit people.
The corporation's investments have been made in various sectors, including artificial intelligence, green energy, and life sciences, which are all related to people's lives. HKIC has invested in over 200 enterprises thus far, with 11 already listed in Hong Kong and over 30 having submitted or planned to submit listing applications in the SAR this year.
Written by urgent.news from RTHK News - Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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