Hong Kong Investment Corporation (HKIC)

The Hong Kong Investment Corporation (HKIC) is a government investment agency managing HK$62 billion (US$8 billion) in government funds. Established three years ago, it's currently receiving increased attention and expanded responsibilities. Recent news highlights its growing role in attracting commercial property investment and promoting technological advancements, specifically in the Chinese-developed RISC-V chip sector. The Financial Secretary's recent budget speech pledged additional funding to the corporation, signaling a significant push from the government. This expansion follows early gains made by the HKIC. Furthermore, the HKIC's involvement extends to supporting innovative companies like EnerVenue, a battery start-up, through investments and partnerships, demonstrating its commitment to fostering technological development and attracting foreign investment to Hong Kong.