Hong Kong boosts investment body’s role in property sector, tech investment drive
South China Morning Post
by Ng Kang-chungFebruary 25, 2026
AI-Generated Deep Dive Summary
Hong Kong's government investment agency, the Hong Kong Investment Corporation (HKIC), has expanded its role to focus on attracting commercial property investments while advancing initiatives related to Chinese-developed RISC-V chips. This move was announced by Financial Secretary Paul Chan Mo-po during his budget speech, where he emphasized the corporation’s performance in investing over 190 projects across high-technology sectors such as life technology, new energy, and green tech. The HKIC, which manages HK$62 billion in government funds, aims to encourage businesses to establish a presence in Hong Kong by leveraging its expertise in attracting capital.
The financial secretary highlighted that every dollar invested by the HKIC generates over eight dollars in additional capital investment, effectively drawing "patient capital" from global markets. This strategy is designed to accelerate the development and innovative application of frontier technologies. The expansion of the HKIC’s remit underscores the government's confidence in its ability to drive economic growth and innovation, while strictly remaining within the investment sphere rather than property ownership or management.
The focus on RISC-V chips, an open-source initiative led by Chinese developers, aligns with Hong Kong's broader efforts to position itself as a hub for technological advancement. By fostering alliances around cutting-edge technologies like RISC-V, the city aims to attract both domestic and international investments in key industries. This strategic approach not only bolsters Hong Kong’s economic resilience but also positions it as a global leader in tech innovation.
The additional funding pledged by the government reflects its commitment to leveraging private capital for public good. By targeting high-growth sectors such as commercial property and technology, Hong Kong is signaling its intent to remain competitive on the global stage. The emphasis on attracting foreign investment aligns with broader economic strategies aimed at divers
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Originally published on South China Morning Post on 2/25/2026