Patient Capital
HKIC
88. In addition to seeking medium- to long-term investment returns for our fiscal reserves, the HKIC aims to bring in more frontier technology enterprises and patient capital to Hong Kong, as well as promote in‑depth collaboration among the Government, industry, academia, research institutes and investors. It also aims to accelerate the establishment of Hong Kong's I&T ecosystem and the development of strategic industry chains. All these will enhance our competitiveness and contribute to the diversified development of our economy.
89. Since its full operation, the HKIC has invested in over 190 projects spanning various fields, which mainly include hard and core technology, life technology, new energy and green technology. Ten of the investee companies are already listed in Hong Kong, with a further 20 preparing for listing this year. Every dollar invested by the HKIC attracted over eight dollars of long‑term capital investment, effectively drawing "patient capital" from the global market to jointly expedite the development and innovative application of frontier technologies. Considering that the initial capital of the HKIC of $62 billion has been largely allocated, we will arrange for capital injection in a timely manner to further promote I&T development and industry clustering.
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