Chan Ka-chai Reappointed HKIC CEO for Three-Year Term
SingTao · 3 SOURCESabout 3 hours ago6 MIN
Summary
The Hong Kong Investment Corporation (HKIC) Board has announced the reappointment of Chan Ka-chai (陳家齊) as Chief Executive Officer for a three-year term, commencing October 9, 2026 . Chan, who made history as HKIC's inaugural CEO when she assumed the role in October 2023, will continue to lead the government-backed investment platform through what she describes as a pivotal juncture for Hong Kong's development . Financial Secretary Chan Mo-po (陳茂波), who serves as HKIC's Board Chairman, formally announced the decision, praising Chan's accomplishments over her initial three-year tenure .
Key Points
- Chan Ka-chai's reappointment takes effect on October 9, 2026, extending her leadership at HKIC for three additional years following her inaugural term beginning October 2023
- The 2025 annual report reveals HKIC generated over HK$6.4 billion in investment income during the fiscal year, representing a 175% surge compared to 2024, with a net internal rate of return (Net IRR) of 14%
- HKIC's portfolio spans four funds—the Hong Kong Growth Portfolio, Greater Bay Area Investment Fund, Strategic Innovation & Technology Fund, and Co-investment Fund—supporting more than 200 projects across hard technology, life science & health technology, and new energy & green technology sectors
- The investment platform has catalyzed significant capital mobilization: each HK$1 invested by HKIC has attracted over HK$8 in international long-term market capital, while 11 portfolio companies have listed on the Hong Kong Stock Exchange and over 30 others have filed or plan to file IPO applications this year
- Approximately 70% of HKIC's local and Mainland invested companies have initiated or are actively expanding overseas business operations, underscoring Hong Kong's role as a gateway connecting domestic enterprises with global markets
Why It Matters
Chan's reappointment signals continuity in HKIC's mission to position Hong Kong as a bridge between Mainland China's strategic industries and international capital markets, particularly as the nation launches its 15th Five-Year Plan and Hong Kong implements its inaugural five-year development blueprint . The substantial growth in investment returns—HK$6.4 billion in income and 14% Net IRR—demonstrates that patient capital can deliver both social impact and financial sustainability, reinforcing Hong Kong's competitive edge as an asset management hub amid intensifying regional competition .
Chan's reappointment signals continuity in HKIC's mission to position Hong Kong as a bridge between Mainland China's strategic industries and international capital markets, particularly as the nation launches its 15th Five-Year Plan and Hong Kong implements its inaugural five-year development blueprint . The substantial growth in investment returns—HK$6.4 billion in income and 14% Net IRR—demonstrates that patient capital can deliver both social impact and financial sustainability, reinforcing Hong Kong's competitive edge as an asset management hub amid intensifying regional competition .