【Hong Kong Investment Company】Chen Jiaqi: Internal return rate has reached double digits, balancing social value and financial returns

HKIC’s (Hong Kong Investment Company) Chief Administrative Officer, Francis Chan Kaiei, said while attending the Boao Forum for Asia in Hainan that the company has delivered strong performance after it fully entered operation in 2024:

• Investment returns: By the end of 2024, it had already recorded positive returns, and its internal rate of return to date stands at double digits.
• Funding-injection leverage: For every 1 yuan of initial investment, it successfully helped drive more than 8 yuan in follow-on capital, including a significant amount of overseas funding.
• Strategic positioning: HKIC is playing a key “capital-raising role,” boosting Hong Kong’s influence as an international venture capital hub.
• Global layout: Focusing on cutting-edge technologies in Mainland China and Hong Kong

Chan Kaiei revealed HKIC’s allocation proportions for its capital, showing its confidence in Asian markets and forward-looking technologies:

• Mainland China projects: accounting for more than 50%
• Hong Kong projects: accounting for 30%
• Overseas projects: accounting for 20%

Empowering portfolio companies—from capital matching to global expansion

She added that HKIC will help portfolio companies connect with different sources of capital, customers, and application scenarios. She mentioned that among its investment projects, one company that listed on the Hong Kong stock market at the end of last year received help from HKIC to connect with many overseas customers. Its product services are now sold across more than 90 regions worldwide. At the same time, after HKIC conducted due diligence on the investment project, other funds would also carry out their own reviews, creating mutual endorsements.

She also said that when HKIC invests, it does so depending on venture capital’s sectoral focus. Recently, she visited Shanghai and Hainan separately, paying attention to innovative companies there with high growth and high impact—especially in areas such as artificial intelligence (AI), life sciences and technology, and green energy. In addition, the investment portfolio includes companies from Hainan, and many projects are also driven by collaboration among different cities to promote industrial development.

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