​The Financial Secretary, Mr Paul Chan, chaired the first meeting of the Board of Directors (Board) of the Hong Kong Investment Corporation Limited (HKIC) as its Chairman today (February 28). The Board primarily formulates the HKIC's investment strategies and mandate, and makes decisions on investment projects as well as ensures and upholds the good governance of the HKIC.

     The Board had in-depth discussion on a number of issues relating to the HKIC, covering corporate structure, governance, personnel arrangement as well as administration and management.

     Mr Chan said, "The HKIC will strengthen our ability to attract investments and enterprises, thus enhancing Hong Kong's competitiveness as well as leading and supporting the prosperous growth of strategic industries in Hong Kong, and creating strong impetus of growth. Since the Policy Address announced measures to compete for enterprises and talent, as well as the establishment of the HKIC, we have received many enquiries, including those from highly competitive companies in the fields of innovation and technology and Fintech. The HKIC will study their proposals in detail and seek to grasp investment opportunities, thereby contributing to the vibrant development of the strategic sectors and the economy of Hong Kong."

     The establishment of the HKIC was announced in the 2022 Policy Address in order to further optimise the use of fiscal reserves for promoting the development of industries and the economy. The official website of the HKIC is at www.hkic.org.hk ; Enquiries can be made at 2328 2625 and enquiry@hkic.org.hk.

Ends/Tuesday, February 28, 2023
Issued at HKT 20:57

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