Hong Kong Business News

The Office for Attracting Strategic Enterprises (OASES) held a signing ceremony today to welcome a new batch of 22 strategic enterprises that are establishing or expanding their operations in Hong Kong, with Financial Secretary Paul Chan officiating.

Mr Chan said he was delighted to welcome the new cohort of key enterprises setting up in Hong Kong.

“They represent a diverse mix of geographies and sectors, including world-leading pharmaceutical companies, as well as pioneers in artificial intelligence, fintech, advanced manufacturing, and the cultural and creative industries,” he noted. “They come from the Chinese Mainland and across Asia, Europe, the Americas and Africa.”

“This new cohort will further strengthen our expanding community of strategic enterprises. Together, the 124 enterprises are expected to bring in $73 billion in investment and create some 25,000 jobs, many of which are high-value positions in research and development and management,” Mr Chan added.

He said that strategic enterprises are helping to strengthen Hong Kong's innovation ecosystem, as many have formed partnerships with local universities, enterprises and research institutions while some are collaborating with hospitals and applying advanced technologies to improve care.

Others are using Hong Kong as a platform to pilot their cutting-edge applications, such as autonomous driving and fintech solutions before scaling them internationally, he added.

Director-General of OASES Peter Yan highlighted that half of the new companies come from abroad, reflecting how Hong Kong continues to stand out as the premier choice for industry titans amid global complexities.

Mr Yan stated that the strategic enterprises will serve as a powerful engine for economic growth and industry development, reinforcing Hong Kong's role as a "super connector" and "super value-adder" between the Chinese Mainland and the global stage.