Clara Chan Ka-chai

Clara Chan Ka-chai is the CEO of the Hong Kong Investment Corporation (HKIC), a government-backed investment fund managing HK$62 billion (US$8 billion). The HKIC is a three-year-old vehicle that has yielded impressive early gains. Chan's leadership is newsworthy as the HKIC is poised to receive an expanded remit and play a crucial role in Hong Kong's economic strategy. Recent developments include the HKIC's focus on investing in fintech, aerospace, and artificial intelligence sectors, leveraging Hong Kong's strengths and emerging opportunities. Furthermore, the HKIC is being redeployed to support Hong Kong's sluggish commercial property sector, signaling the government's increased reliance on public funds to stabilize office valuations and align real estate investment with industrial ambitions. Chan's role is significant as the HKIC becomes a key tool for the Hong Kong government to drive economic growth and attract foreign investment.