The Government today announced the members of the Hong Kong Investment Corporation’s board of directors.
With the Financial Secretary as chairman, the board’s members include relevant government officials and leaders from the community and business sectors.
The board is responsible for formulating the corporation’s investment strategies and mandate, making decisions on investment projects, and ensuring and upholding good corporate governance.
Financial Secretary Paul Chan said: “The corporation 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 the co-operation of industries between Hong Kong and its sister cities in the Guangdong-Hong Kong-Macao Greater Bay Area, and foster mutual development.”
Non-official board members are appointed for two years. Mr Chan said he trusted that with immense experience in their respective fields, they will make valuable contributions to the corporation’s development and Hong Kong’s higher quality economic progress.
In the 2022 Policy Address, the Chief Executive announced the establishment of the Hong Kong Investment Corporation to further optimise the use of financial reserves for promoting the development of the economy and industries of Hong Kong. The corporation 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 formed Co-Investment Fund.
At the initial stage of operation, the Monetary Authority will render support on investment, logistics and operational matters. The corporation will gradually expand its management team as business develops.