{
  "id": 11417018,
  "title": "Clara Chan retains helm at HKIC as HK$62b state fund aligns with city’s 5-year plan",
  "url": "https://urgent.news/2026/10/02/clara-chan-retains-helm-at-hkic-as-hk-62b-state-fund-aligns-with",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T10:28:29.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/banking-finance/article/3369586/clara-chan-retains-helm-hkic-hk62b-state-fund-aligns-citys-5-year-plan"
  },
  "original_language": "en",
  "account": "Hong Kong Investment Corporation (HKIC) has extended CEO Clara Chan Ka-chai's tenure for another three years as the city focuses on boosting emerging industries in its five-year plan. HKIC manages HK$62 billion (US$7.9 billion) in funds, and Chan will oversee the organization until October 2029. Financial Secretary Paul Chan Mo-po praised Chan's continued leadership in advancing Hong Kong's financial sector, innovation, technology, and emerging industries. Chan reiterated her commitment to using \"patient capital\" to support Hong Kong's long-term development and believes the HKIC can contribute to the national needs through leveraging the city's strengths. The strengthening of emerging industries and planning for future industries were key components of Hong Kong's first five-year plan announced in mid-September. HKIC had invested in over 200 projects since its inception, including companies like humanoid robot start-up Galbot and AI-driven drug developer Insilico Medicine. The initial HK$62 billion funding will be allocated across four sub-funds, focusing on hard technology, biotech, and new energy. As of August, 11 firms from HKIC's portfolio went public, with 30 more applying for a listing this year. The investment vehicle reported an operating profit surge of 181% year-on-year to HK$6.3 billion last year, with total assets growing by 9% to HK$69.7 billion. The net internal rate of return stood at 14% in the company's second annual report, released in July.",
  "summary": "Hong Kong Investment Corporation (HKIC) has extended the tenure of its current CEO, Clara Chan Ka-chai, for another three years as the city vows to boost emerging industries in its first five-year plan. The wholly government-owned investment vehicle, which manages HK$62 billion (US$7.9 billion) in funds, announced that Chan would stay on as head through October 2029, according to a statement on…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}