Hong Kong Investment Corporation (HKIC) earned more than HKD2bn (USD256m) in 2024 investment income, driven by initial public offerings and biotechnology allocations, chief executive Clara Chan told Bloomberg TV. Formed in 2022 with HKD62bn to strengthen the city’s economy and mainland links, HKIC has deployed less than 20% of its capital but remains “in perfect alignment” with its plans. The fund is entering a second phase to pursue larger deals alongside sovereign funds, pe

Foreign investors Hong Kong sentiment is improving, with renewed confidence in the city’s financial markets, according to Financial Secretary Paul Chan. He said overseas firms are expanding and leasing new offices, while nearly half of stock market inflows since September last year have come through Northbound funds, with the rest from Europe and the US. Chan added that multiple Middle Eastern companies will hold investment roadshows in Hong Kong next month targeting infrastr