证券时报记者 陈霞昌 赛道、人才与社会价值 作为一家大型投资机构的负责人，陈家齐的投资理念也引发了诸多关注。 一年半前，当香港投资管理有限公司（简称"港投公司"）宣布任命陈家齐为首任行政总裁时，外界并未 对她抱以过高期待。这家类似内地"政府引导基金"的投资机构，自成立之初就伴随着诸多争议：如何在 一个高度市场化的环境下，以政府的名义实现香港的产业升级和转型。 近日，陈家齐接受证券时报记者的采访，阐述了港投公司的投资逻辑和理念。在当前香港由传统金融地 产主导转向科技创新驱动的关键时期，港投公司将充分发挥"超级联系人""超级增值人"的角色，引入国 际长期资本，推动关键领域的上下游产业链投资，服务国家战略，促进双向投资与经济融合。 首秀亮眼 港投公司交出投资成绩单 "投资数量超过100家，其中5家至10家已经有在香港IPO的计划。"这是陈家齐在首届"国际耐心资本论 坛"上公布的数据，这也是她在公开场合第一次公布港投公司的成绩单。作为一家正式运营不到两年， 管理规模达到620亿港元的股权投资机构，取得这样的成绩并不容易。 2022年10月，香港特区行政长官李家超在其首份《施政报告》中宣布成立港投公司。2023年2月， ...

Core Viewpoint - The article discusses the achievements and strategies of the Hong Kong Investment Management Company (港投公司) under the leadership of its first CEO, Chen Jiaqi, emphasizing the importance of "patient capital" in transforming scientific research into practical applications and fostering industrial clusters in Hong Kong [2][5][15]. Summary by Sections Company Overview - 港投公司 was established in October 2022 with a management scale of 62 billion HKD, receiving substantial funding from the Hong Kong government [5][6]. - Chen Jiaqi, with 13 years of experience at the Hong Kong Monetary Authority, leads the company, focusing on leveraging government support to drive investment [5][6]. Investment Strategy - The company has invested in over 100 firms, with 5-10 planning to go public in Hong Kong [5][16]. - Chen emphasizes a three-tier selection process for investments: focusing on the right sectors, quality teams, and enterprises that address market pain points [7][8]. Key Sectors - The primary investment areas include hard technology, life sciences, and renewable/green technology, aligning with national strategies and addressing Hong Kong's industrial weaknesses [8][15]. - The company aims to invest in both foundational technologies and their applications, such as AI in healthcare and manufacturing [8][9]. Collaboration and Partnerships - 港投公司 has announced partnerships with various venture capital firms to create funds and platforms that support global Chinese tech entrepreneurs [11][12]. - The company aims to attract international capital and talent to Hong Kong, enhancing its role as a "super connector" in the global market [12][13]. Financial Leverage and Impact - Chen highlights a significant leverage effect, stating that every 1 HKD of government funding can attract 4 HKD of market investment, which is crucial for driving long-term capital into the region [13][15]. - The company is focused on achieving both financial returns and social value, ensuring that investments lead to products that are accessible, applicable, and affordable for the public [10][15]. Future Directions - 港投公司 plans to deepen international cooperation, expand its capital and talent networks, and strengthen the innovation ecosystem in Hong Kong [15][16]. - The company faces the challenge of balancing financial returns with enhancing Hong Kong's long-term competitiveness and integration into national strategies [16].

Core Insights - Hong Kong Investment Management Company, referred to as "Hong Kong's Temasek," has completed over 100 investment projects in less than two years, with 5 to 10 companies planning to IPO in Hong Kong, demonstrating significant impact on the city's industrial transformation [1][4] Investment Strategy - The company manages a capital scale of HKD 62 billion and focuses on three core sectors: hard technology, life sciences, and renewable and green technology, aligning with national production development requirements and addressing weaknesses in Hong Kong's industrial structure [3][4] - In hard technology, the company employs a full industry chain investment strategy, investing in foundational technologies and their applications in sectors like healthcare and manufacturing [4] - The life sciences sector benefits from Hong Kong's strong educational foundation, with two of the world's top 50 medical schools located there, leading to strategic investments in biomedicine and medical devices [4] - Renewable and green technology is prioritized due to its long-term growth potential amid global climate change [4] Collaborative Ecosystem - The company announced three significant collaboration plans at the forum, showcasing its open and inclusive cooperation philosophy [5] - The "Patience Capital Special Fund," created in partnership with Gobi Partners, aims to support Chinese tech entrepreneurs with a global vision [5] - The "Co-Investment Partnership Program" with BlueRun Ventures seeks to attract long-term capital from overseas sovereign and pension funds, focusing on early-stage investments in hard technology [5] - The "International Strategy Expansion Platform," developed with Basis Point Capital, focuses on accelerating the application of research outcomes and helping Hong Kong brands expand into overseas markets, particularly in the Global South [5] - The company has achieved significant capital leverage, with every HKD 1 of government funding attracting HKD 4 of market long-term investment [5] - The diverse cooperation models reflect the varying needs of different partners, all centered on technology innovation, fostering a mutually beneficial investment environment [5]

Core Viewpoint - Hong Kong Investment Management Company (referred to as "HKIMC") aims to transition Hong Kong's economy from traditional finance and real estate to technology and innovation, leveraging its role as a "super connector" and "super value creator" to attract international long-term capital and promote investment in key sectors [1][2]. Group 1: Company Overview - HKIMC has invested in over 100 companies, with 5 to 10 planning to go public in Hong Kong [2]. - The company was established in October 2022, with a management scale of 62 billion HKD [2]. - The CEO, Chen Jiaqi, has a background in the Hong Kong Monetary Authority, where she served for 13 years [2]. Group 2: Investment Strategy - The investment philosophy focuses on selecting the right sectors, quality teams, and companies that address market, economic, or social pain points [3]. - Key investment areas include hard technology, life sciences, and renewable and green technology, aligning with national strategies [3]. - The company aims to invest in both foundational models and application layers in artificial intelligence, emphasizing the importance of technology implementation [3]. Group 3: Social Value and Financial Returns - HKIMC requires portfolio companies to achieve a balance between financial returns and social value, encapsulated in the principle of "usable, affordable, and effective" [4]. Group 4: Collaboration and Ecosystem Building - HKIMC has announced partnerships with several venture capital firms to create specialized funds and investment platforms, focusing on global Chinese tech entrepreneurs and accelerating research outcomes [6]. - The company has achieved a significant capital leverage effect, attracting 4 HKD of market long-term capital for every 1 HKD of government funding invested [6]. - The collaborative approach emphasizes mutual respect and win-win outcomes, which is crucial in the current complex international environment [7].