HKIC Publishes 2025 Annual Report: Investment Income Surges 175% YoY to HKD 6.46 Billion, Continuously Injecting New Momentum into Hong Kong's Socio-Economy

On July 16, 2026, the Hong Kong Investment Corporation Limited ("HKIC"), a patient capital investment platform wholly owned by the Hong Kong SAR Government, released its 2025 Annual Report, disclosing its full-year financial performance for 2025.

The annual report shows that as of December 31, 2025, the corporation's total assets reached HKD 69.7 billion, an increase of approximately 9% from HKD 64.0 billion in 2024. For the full year of 2025, total investment income reached HKD 6.459 billion, a growth of roughly 175% compared to HKD 2.345 billion in 2024. Operating profit stood at HKD 6.320 billion, representing a substantial increase of approximately 181% from HKD 2.252 billion in 2024. By the end of 2025, the net internal rate of return (IRR) of the investment portfolio had reached 14%.

Regarding investment progress, as of the end of June 2026, HKIC has strategically aligned with national emerging industries, accumulating over 200 investment projects—a significant increase from the over 150 projects recorded at the end of 2024.

In terms of investment focus, HKIC continues to prioritize three core strategic tracks. Annual report data indicates that hard technology accounted for 56% of investments (down from 71% in 2024), life and health technology accounted for 22% (up from 14% in 2024), and new energy and green technology made up 9% (down from 11% in 2024). Together, these three key tracks constitute 87% of the portfolio. By investment stage, growth-stage projects represented 58% (vs. 69% in 2024), mature-stage projects accounted for 33% (vs. 21% in 2024), and early-stage projects made up 9% (vs. 10% in 2024). Geographically, investments in Mainland China comprised 47% (vs. 62% in 2024), local Hong Kong investments accounted for 28% (vs. 34% in 2024), and other regions (including Malaysia, Indonesia, Singapore, South Korea, Sweden, Australia, the UK, and Canada) represented 25% (a significant jump from 4% in 2024), demonstrating an accelerated global expansion.

Regarding public listing progress, as of the end of June 2026, 10 portfolio companies have already listed in Hong Kong, with more than 30 additional companies having submitted or preparing to submit IPO applications this year.

The capital-attracting effect has further expanded. Every HKD 1 invested by HKIC leverages over HKD 8 in long-term market capital co-investment, an improvement from the 1:6 ratio in 2024, drawing participation from various international institutional investors, including overseas sovereign wealth funds and pension funds.

Contributions to the local economy have continued to grow. The annual report reveals that portfolio companies have generated demand for over 500,000 square meters of leased floor space in Hong Kong, created more than 7,200 direct jobs, registered 258 intellectual properties, hosted 316 industry events, and engaged in 170 collaborative projects with local universities. All these metrics reflect significant growth compared to 2024.

Clara Chan, Chief Executive Officer of HKIC, stated in the annual report: "HKIC has been accelerating the 'Investment+' approach. With a focused, highly efficient strategy grounded in deep strategic insight, we strive to seize pioneering opportunities. We aim to cultivate future industries, nurture emerging sectors, and facilitate the industrial upgrade and transformation of traditional sectors in Hong Kong. We do so while aligning with national policies, particularly initiatives under the national '15th Five-Year Plan.' By fostering 'new quality productive forces,' we are committed to injecting new momentum into Hong Kong's real economy and society, whilst simultaneously generating financial returns and contributing to both Hong Kong and future generations."

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