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Recommendations for Hong Kong’s First Five-Year Plan (2026-2030)
Sustainable Finance Initiative (SFi) is a membership platform for family offices, foundations and fund managers on impact investing, and we welcome the opportunity to contribute to the public consultation on Hong Kong's First Five-Year Plan for Economic and Social Development (2026–2030). We support Hong Kong's long-term competitiveness, resilience and sustainable growth, and recommend that the government's own investment and convening capacity be actively deployed to mobilise impact capital in support of the Plan's objectives, rather than treating impact and philanthropic capital as separate from mainstream economic strategy.
Our response focuses on three areas where government leadership can unlock private co-investment: strengthening the impact discipline behind existing patient capital vehicles, building a structured channel for private and philanthropic capital into social priorities, and creating an investable pipeline for nature and ocean-related finance. As such, we have made three major recommendations:
Strengthening Government's Patient Capital Leadership and Mobilising Private Co-Investment: embedding an impact scoring step into HKIC's fund selection process, sharing HKIC's pipeline with private co-investors, carving out Co-Investment Fund capital for smaller managers, and convening a working session with HKMA, FSDC and HKAWL to design these mechanisms
Mobilising Private and Philanthropic Capital for Social Priorities: establishing an Impact Cross-Steering Platform akin to the Green and Sustainable Finance Cross-Agency Steering Group, piloting outcomes-based financing in areas such as elderly care or preventive healthcare, and assigning a technical function to set shared metrics and verify results.
Nature and Oceans: Building an Investable Pipeline for Blue and Biodiversity Impact: designating a clearer government entry point for marine and nature-based proposals, introducing a staged matching funding scheme building on proof points such as the Pak Nai horseshoe crab recovery, exploring a blue bond or blended finance instrument anchored in ecosystem valuation, and supporting continued convening through platforms such as the Ocean Innovators Platform.
