Financial Affairs Panel

The Hong Kong Investment Corporation (HKIC) is a wholly state-owned investment firm established to drive local economic development through a 'patient capital' strategy. Recently, HKIC reported a significant surge in investment income, generating approximately HK$6.46 billion (US$824 million) in 2025, marking a 175% year-on-year increase. This impressive performance, achieving a double-digit internal rate of return that bypassed the typical J-curve experienced by many new venture capital funds, makes HKIC newsworthy. The corporation's success highlights its growing role as a key financial entity for Hong Kong, demonstrating its ability to generate substantial returns and contribute to the city's economic growth. Its current relevance lies in its successful implementation of a long-term investment strategy and its potential to attract further funding for its ventures.