Hong Kong Growth Portfolio
We oversee the establishment of the Hong Kong Growth Portfolio (HKGP) which makes strategic investments in projects with a Hong Kong nexus, to reinforce Hong Kong’s status as a financial, commercial and innovation centre, and raise the productivity and competitiveness of Hong Kong in the long run.
Our Ongoing Work
In his 2020-21 Budget Speech, the Financial Secretary announced that he would use part of the Future Fund to establish a new portfolio, named “Hong Kong Growth Portfolio”, to make strategic investments in projects with a Hong Kong nexus. The objectives are to reinforce Hong Kong’s status as a financial, commercial and innovation centre, and raise the productivity and competitiveness of Hong Kong in the long run.
A two-tier committee framework, including a Governance Committee (GC) and an Investment Committee (IC), has been set up to take forward this initiative. Chaired by the Financial Secretary, GC is a high-level advisory committee to provide strategic steering for the HKGP and give guidance on matters such as investment mandates and asset allocation. IC is chaired by the Secretary for Financial Services and the Treasury, and comprises representatives from relevant government agencies to, among others, decide on the appointment of general partners who will make investments for the HKGP.
For More Information
For more information, please visit the following websites/linked documents:
Relevant press releases:
- Government establishes Governance Committee of Hong Kong Growth Portfolio (September 2020): https://www.info.gov.hk/gia/general/202009/30/P2020093000707.htm
- Government accepts recommendations of the Group of Experienced Leaders on Future Fund (February 2020): https://www.info.gov.hk/gia/general/202002/26/P2020022600468.htm