The Hong Kong Investment Corporation (HKIC) on Thursday reported earnings of over HK$2.3 billion for 2024, when it deployed less than one fifth of its initial capital of HK$62 billion.

In releasing its annual financial report, the SAR government-owned company also reported that its operating profit for last year reached HK$2.25 billion and that total assets amounted to HK$64 billion.

As of October this year, it has invested in more than 150 projects across three key sectors – hard and core technology, biotech and new energy and green technology.

Of the projects it has invested in, two firms have already listed in the SAR while over 10 others have either filed or planned to file listing applications in the city this year, it said.

The corporation also pointed out that every Hong Kong dollar it has invested had brought more than six Hong Kong dollars of investment from the long-term capital market.

"On the basis of the foundation built in 2024, the HKIC has further deepened and advanced our work in 2025, including injecting additional capital as planned to companies that met development and performance targets, such as leading their new financing rounds, in order to support them to seize market opportunities and ‘go global’," it said in a statement.

Looking ahead, the corporation's chief executive, Clara Chan, said it would continue to expand its strategic investments in line with the country's development strategies and Hong Kong's long-term development demands.

"With the creation of the HKIC ecosystem, we have brought together resources and wisdom of both the public and private sectors in and beyond Hong Kong to drive the transformation, reshaping, and re-definition of new competitive edges of Hong Kong’s industrial, economic, and financial developments," she said.