Govt to announce new strategic enterprises: FS

Financial Secretary Paul Chan said the government's Office for Attracting Strategic Enterprises will announce a new batch of companies on Monday. These companies that wish to establish or expand their presence in the SAR include several firms with a market value reaching HK$100 billion, he said. Writing in his weekly blog on Sunday, Chan said the sixth batch of strategic enterprises cover cutting-edge fields such as life and health technology, the low-altitude economy, artificial intelligence, new energy materials, cross-border financial infrastructure and fintech. “Among the enterprises, the life and health tech companies coming to Hong Kong are global leaders and they would conduct clinical research in the SAR, supporting the city’s international position in medical research and development,” he said. Chan said some companies would also launch R&D centres, treasury centres and regional headquarters in Hong Kong, consolidating the SAR’s role as a hub connecting the mainland and global markets. The FS said Hong Kong has attracted more than 100 strategic enterprises so far, showcasing its favourable business and innovation environment. He went on to say that these companies have invested HK$22.5 billion and created over 8,000 jobs. Chan added that the government would continue to attract more quality enterprises and support their development in Hong Kong. Edited by Tony Sabine