HKIC aims to provide public access to cutting-edge tech

Hong Kong Investment Corporation, a government fund managing HK$62 billion, said it would step up efforts to help bring cutting-edge technologies into the market this year.

HKIC aims to make frontier scientific achievements “accessible, applicable and affordable” to the general public, its chief executive Clara Chan Ka-chai said at an event on Wednesday while revealing the fund’s areas of focus for the year.

When asked whether HKIC would invest in more projects than it did last year, Chan said that the quality of investments also matter.

In December, Chan said HKIC did not need additional capital from the Hong Kong government, which is currently looking at deficits of around HK$100 billion for the third consecutive fiscal year ending in March.

Chan revealed that the fund has invested in more than 90 projects. HKIC will also work with various sectors to build more international, regional and cross-border platforms.

Chan added that HKIC will capitalize on investment opportunities arising from its core themes, which include hard technology, biotechnology, new energy and green technology.

THEMIS QI