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Government announces Board of Directors of Hong Kong Investment Corporation Limited
     The Government today (February 15) announced the members of the Board of Directors of the Hong Kong Investment Corporation Limited (HKIC). The Financial Secretary will be the Chairman of the Board, while members include relevant government officials and leaders from the community and business sectors. The term of appointment of non-official members is two years. 
     The Board of Directors of the HKIC primarily formulates the Corporation's investment strategies and mandate, and makes decisions on investment projects as well as ensures and upholds the good governance of the HKIC.
     In the 2022 Policy Address, the Chief Executive announced the establishment of the HKIC to further optimise the use of financial reserves for promoting the development of the economy and industries of Hong Kong. In this regard, the HKIC will manage the Hong Kong Growth Portfolio, the Greater Bay Area Investment Fund and the Strategic Tech Fund set up under the Future Fund, as well as the newly established Co-Investment Fund. At the initial stage of the HKIC's operation, the Hong Kong Monetary Authority will render support on investment, logistics and operational matters. The HKIC will gradually expand its management team as business develops.
     The Financial Secretary, Mr Paul Chan, said, "The HKIC will, based on the direction of enhancing Hong Kong's competitiveness as well as leading and supporting the prosperous growth of strategic industries in Hong Kong, strengthen our ability to attract investments and enterprises, and enhance the structure of Hong Kong’s industries and the impetus of economic growth. These will help create more quality career development opportunities for people, promote co-operation of industries between Hong Kong and its sister cities in the Guangdong-Hong Kong-Macao Greater Bay Area, and foster mutual development. The Board of Directors of the HKIC includes a number of non-official members with immense experience in their respective fields. I trust they will make valuable contributions to the HKIC's development and the higher quality economic progress of Hong Kong."
     The composition of the Board of Directors of the HKIC can be found at the Annex.
Ends/Wednesday, February 15, 2023
Issued at HKT 20:00
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