
Hong Kong Investment Corporation (HKIC) delivers strong early performance as it deploys capital into tech, biotech and green economy projects
The government-owned investment body established to steer Hong Kong’s long-term economic renewal has marked its first year with a substantial return.
The Hong Kong Investment Corporation (HKIC) reported generating over HK$2 billion — roughly US$260 million — in investment income during 2024. This comes as the fund, launched in 2022, deploys capital to strategic growth sectors to strengthen the region’s industrial and innovation base.
HKIC was set up with an initial capital base of HK$62 billion, earmarked for a portfolio spanning “hard and core technology, biotechnology, and new energy/green technology,” among other long-term development aims.
As of late 2024, the corporation had already invested in more than 100 projects.
While under 20 percent of its capital had been deployed by year-end, HKIC said the 2024 return confirms that its gradual, risk-aware investment pace is aligned with its mandate.
Several of the companies in which HKIC invested are now considering listing on the city’s stock exchange, signalling confidence in both the firms themselves and the broader Hong Kong capital-markets environment.
HKIC also continues to integrate funds from the reactivated New Capital Investment Entrant Scheme (New CIES), which channels capital from high-net-worth applicants into projects that support the city’s long-term competitiveness.
As of December 2025, asset managers overseeing CIES-allocated funds, together managing hundreds of millions of Hong Kong dollars, have begun deploying capital into sectors such as biotechnology, green tech, artificial-intelligence applications and sustainable industries.
HKIC’s first-year performance stands as a tangible sign that Hong Kong is reasserting its role as a hub for innovation and strategic investment — not just as a financial centre, but as a backer of long-term industrial transformation across technology, green economy and biotech sectors.
The Hong Kong Investment Corporation (HKIC) reported generating over HK$2 billion — roughly US$260 million — in investment income during 2024. This comes as the fund, launched in 2022, deploys capital to strategic growth sectors to strengthen the region’s industrial and innovation base.
HKIC was set up with an initial capital base of HK$62 billion, earmarked for a portfolio spanning “hard and core technology, biotechnology, and new energy/green technology,” among other long-term development aims.
As of late 2024, the corporation had already invested in more than 100 projects.
While under 20 percent of its capital had been deployed by year-end, HKIC said the 2024 return confirms that its gradual, risk-aware investment pace is aligned with its mandate.
Several of the companies in which HKIC invested are now considering listing on the city’s stock exchange, signalling confidence in both the firms themselves and the broader Hong Kong capital-markets environment.
HKIC also continues to integrate funds from the reactivated New Capital Investment Entrant Scheme (New CIES), which channels capital from high-net-worth applicants into projects that support the city’s long-term competitiveness.
As of December 2025, asset managers overseeing CIES-allocated funds, together managing hundreds of millions of Hong Kong dollars, have begun deploying capital into sectors such as biotechnology, green tech, artificial-intelligence applications and sustainable industries.
HKIC’s first-year performance stands as a tangible sign that Hong Kong is reasserting its role as a hub for innovation and strategic investment — not just as a financial centre, but as a backer of long-term industrial transformation across technology, green economy and biotech sectors.



























