Workflow
香港引导基金正式招GP
FOFWEEKLY·2025-11-14 10:13

Core Viewpoint - The Hong Kong government has launched a HKD 10 billion "Innovation and Technology Industry Guiding Fund" to promote new industrialization and the establishment of an international innovation and technology center, aiming to leverage government funds to attract more social capital into the innovation and technology sector [1][5]. Group 1: Fund Structure and Objectives - The fund will invest in five thematic sectors: life and health technology, artificial intelligence and robotics, semiconductors and smart devices, digitalization and upgrading transformation, and future and sustainable development [1]. - Each sub-fund under the thematic sectors will have a target fund size of at least HKD 2 billion, with an overall target size of at least HKD 40 billion for all sub-funds [2]. - The government will act as the last limited partner, investing up to HKD 1 billion in each sub-fund, not exceeding 25% of the sub-fund's total size [3][4]. Group 2: Investment Requirements - 100% of the total fund size must be invested in enterprises related to Hong Kong's innovation and technology industry and its industrial chain [6]. - At least 50% of the total fund size must be invested in local enterprises or non-Hong Kong enterprises that establish substantial operations in Hong Kong [6]. - At least 25% of the total fund size must be allocated to investments that establish and operate production and manufacturing bases in Hong Kong related to the innovation and technology industry [6]. Group 3: Attracting Strategic Investors - The government aims to attract a certain number of strategic investors, each contributing no less than HKD 3 billion, to co-invest in the various sub-funds under the thematic sectors [6].