Hong Kong Welcomes 66 Strategic Enterprises: A Milestone for Innovation and Growth

The Office for Attracting Strategic Enterprises (OASES) has successfully facilitated the entry or expansion of 66 strategic enterprises in Hong Kong, reinforcing the city’s reputation as a global hub for innovation and business.

Key Highlights:
New and Expanded Operations: About 60% of these enterprises have established new operations in Hong Kong, while the remaining 40% have expanded or are planning to expand their existing businesses.
Diverse Industries Represented: The enterprises span pivotal sectors:
– 22 in life and health technology,
– 24 in artificial intelligence and data science,
– 8 in financial technology,
– 12 in advanced manufacturing and new energy technology.

Leadership and Ambition: Nearly half of these enterprises are leading players in their respective fields, and 80% plan to establish global or regional headquarters in the city.
Commitment to R&D and Production: All 66 companies are set to build research and development centers and/or production bases in Hong Kong.

Economic Impact:
Investment and Job Creation: Over the next several years, these enterprises are expected to invest a combined $42 billion, creating approximately 17,000 jobs.

Innovation Ecosystem Boost: The influx of cutting-edge enterprises is poised to significantly enhance Hong Kong’s innovation landscape and contribute to broader economic growth.

Confidentiality and Future Outlook:
As many enterprises are still in the early stages of operation, detailed recruitment and investment plans remain confidential. However, OASES underscores the transformative impact of these investments on Hong Kong’s position as a global business and innovation leader.

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