The head of the government's investment vehicle on Sunday said the corporation will take on more projects and expand strategic partnerships next year to boost Hong Kong's economy and competitiveness.

Clara Chan, CEO of Hong Kong Investment Corporation, told a radio programme that she will reach out to overseas companies that have cutting-edge technology and research capabilities.

Wholly owned by the government, the corporation's mission is to attract foreign talent and businesses to the SAR while helping successful local brands expand globally, Chan said.

"We need to make sure every dollar we invest creates the most value for Hong Kong. When evaluating potential investments, we look at two key things that align with our dual mission," she said.

"First, we examine if the business meets our financial and operational requirements. Second, we evaluate their contributions and commitments to Hong Kong, including how they benefit the economy and the public."

The new energy industry is showing great potential and the corporation is helping companies in the field tap into Southeast Asian markets, Chan added.

She also said the companies they have invested in are doing better than expected, including an AI research centre at the University of Science and Technology which has attracted internationally renowned scholars.