Clifford Chance

Clifford Chance advises Hong Kong Investment Corporation Limited on Invitation for Proposals and relevant selection processes for service providers of the Investment Portfolio under the New Capital Investment Entrant Scheme

Global law firm Clifford Chance is advising the Hong Kong Investment Corporation (HKIC) Limited on the Invitation for Proposals (IFPs) for fund managers and service provider for asset management administration and related services of the Investment Portfolio (CIES IP), under the New Capital Investment Entrant Scheme (New CIES), and relevant selection processes .

The inaugural IFPs of the CIES IP under the New CIES were well received by the market, demonstrating confidence in the future development of Hong Kong. With an expected capital size of at least HK$600 million, the CIES IP under the new CIES will be used to accelerate the promotion of cutting-edge industries or new applications, which are being shaped and at the initial stage of development.

Announced in December 2024, more details of the appointments by HKIC can be found here.

Partners Rocky Mui and Liyong Xing co-led a team of lawyers including senior associate Sebastian Lehmann and associates Jessica Chu and Winni Choi. 

Established and wholly owned by the Government of the Hong Kong Special Administrative Region, the HKIC currently manages HK$62 billion across its portfolio of funds, with a dual mandate of seeking reasonable financial return in the medium to long term through optimising the use of fiscal reserves, and leveraging its ability to guide and channel capital to build a more vibrant innovation and technology ecosystem and industry chain.