The United States tops the list of overseas companies in Hong Kong's latest batch of 18 strategic enterprises welcomed by the Office for Attracting Strategic Enterprises (OASES). This brings the cumulative total of strategic enterprises in Hong Kong to 142. During an RTHK radio interview, OASES Director-General Peter Yan expressed surprise and satisfaction at the inclusion of Korean and Japanese companies among the strategic enterprises. Yan highlighted that the enterprises hail from various cities on the mainland, including Beijing, Shanghai, and Shenzhen, with a particular focus on advanced manufacturing and new energy sectors. He also mentioned considerable advancements in medical technology, especially in AI in Hangzhou and in Nanjing and Suzhou. Artificial intelligence and life and health technology represent two major sectors in this batch, each contributing about 30 percent of the total, while fintech and new energy sectors account for more than 10 percent each. The 142 strategic enterprises have committed a total investment of HK$84 billion and are expected to create around 26,700 high-end jobs. OASES has been closely monitoring the development of these companies, and both capital investment and job creation have surpassed their targets. Yan noted that capital investments exceeded pledged figures by about 30 percent for the first six batches of strategic enterprises. OASES carefully selects companies, conducting in-depth research on about 20 to 30 percent of them and assisting them in formulating development plans for Hong Kong. The office typically engages with companies several months before their relocation, providing ongoing support to ensure a tangible industrial contribution through policy matching and collaboration with universities and investors.
Artificial intelligence and life and health technology top the list in the latest strategic enterprises batch in Hong Kong, each contributing about 30 percent of the total. The United States leads among overseas companies, with Korea and Japan also making their first strategic forays into the city through this program. OASES Director-General Peter Yan highlighted that companies come from various mainland cities, particularly focusing on advanced manufacturing and new energy, with significant developments in medical technology, especially in AI and biotechnology.
The strategic enterprises now in Hong Kong have a substantial impact on the city's economic landscape, with an additional HK$84 billion in investment and over 26,700 high-end jobs expected. OASES Director-General Peter Yan emphasized the importance of long-term engagement with these companies, including several months of contact and over a year of follow-up to ensure their successful integration and industrial contribution to Hong Kong. The office takes a detailed and measured approach, providing tailored support and matching companies with relevant stakeholders to maximize their impact.