Invest Hong Kong said it will help overseas companies in Hong Kong connect with potential investment partners and leverage the city’s advantages to expand their businesses.
Data from the agency showed the number of startups in Hong Kong has surpassed 5,000, with more than 1,100 in fintech, underscoring the city’s role as a strategic base for international companies entering Asian markets.
French artificial intelligence fintech firm Libertify has chosen Hong Kong as its Asian headquarters and plans to expand staff by 5 percent to 10 percent next year, while exporting its AI technology to Thailand, Singapore and the Middle East.
Florian Lang, founder and Asia-Pacific chief executive, said Libertify has already launched nearly 10 projects in the city, with growth exceeding expectations.
Italian food company Bright View Trading, part of Europe’s Inalca Food and Beverage group, plans to raise the proportion of Asian-sourced ingredients to 40 percent, with China as the main supply base. The firm said Hong Kong’s infrastructure, policy support and Greater Bay Area opportunities are key to its expansion plans.
Sindy Wong Sze-man, InvestHK’s head of tourism and hospitality, noted that while over 95 percent of Hong Kong’s food imports come from overseas, the city’s infrastructure and supportive policies make it a preferred testing ground for international firms targeting Asian markets.
STAFF REPORTER
