Cutting-edge tech firms among over a dozen strategic enterprises establishing, expanding business in HK

Hong Kong will unveil a new batch of more than a dozen strategic enterprises on Tuesday, which includes companies specializing in fields that include smart transport, service robots, and cancer treatment devices, according to Financial Secretary Paul Chan Mo-po.

The fourth batch of strategic enterprises, which has pledged to set up or expand their business in the city, will sign a partnership agreement with the Office for Attracting Strategic Enterprises, Chan posted in his blog on Sunday.

Among them are a company focusing on developing high-precision artificial intelligence with its smart transport products and solutions already deployed in over 50 cities across the mainland, and a commercial service robotics firm whose products are exported to more than 40 countries and regions around the world, Chan said.

A medtech company specializing in surgical equipment that has been used to treat more than 300,000 tumor cases globally is also part of the latest batch, he said, adding that the organization has filed for more than 900 patents.

These enterprises bring with them cutting-edge technologies, internationally competitive products, and innovative services, Chan pointed out.

In just over two years, Hong Kong has successfully attracted more than 80 key enterprises, which are expected to invest nearly HK$50 billion and create over 20,000 jobs in the coming years, the secretary said.

These companies will also help accelerate the territory’s push for new industrialization and inject fresh momentum into Hong Kong’s development, he added.

STAFF REPORTER