Hong Kong Investment Corp reports 14% return on HK$6.5B income

The Hong Kong Investment Corporation (HKIC), a state-owned firm, reported a significant increase in investment income for its second year of operation. The corporation generated approximately HK$6.46 billion (US$824 million) in income, marking a 175% year-on-year rise. HKIC achieved a net internal rate of return of 14%, outperforming the typical early-stage venture capital downturn. This performance is attributed to an expanding portfolio of over 200 projects, with ten companies already listed and over thirty more awaiting approval. AI

RANK_REASON Significant financial performance report from a government-owned investment corporation. [lever_c_demoted from significant: ic=1 ai=0.0]

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• Hong Kong
• Hong Kong Investment Corporation Limited
• Legislative Council’s Financial Affairs Panel
• Paul Chan Mo-po

• funding

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