The Office for Attracting Strategic Enterprises (OASES) has attracted 84 strategic enterprises from high-tech industries, with projected investments totaling around HK$50 billion and 20,000 job opportunities to be generated in the next couple of years, according to Financial Secretary Paul Chan Mo-po.
Writing in his weekly blog post on Sunday (Aug 10), Chan revealed that OASES will soon announce its fifth batch of a dozen strategic enterprises coming to Hong Kong -- many of which are global leaders from the pharmaceutical industry.
Apart from the four major sectors including AI and data science, life and health technology, fintech, as well as new energy and advanced manufacturing, Chan stated that OASES will also seek to attract culture and creative enterprises to enhance the local creative and cultural industries and solidify the city’s position as the East-meets-West Centre for international cultural exchange.
Chan highlighted Hong Kong Investment Corporation Limited (HKIC) -- the government’s "Patient Capital" -- is committed to discover and draw mainland and overseas outstanding enterprises to establish an appearance in the city.
It is reported that HKIC has currently invested in over 100 projects since its establishment, with more than ten companies already submitted or preparing to file for listings in Hong Kong.
Emphasizing the interdependence between attracting strategic firms and retaining talent, Chan expressed confidence that a more diverse industrial environment will generate more job opportunities and improve living standards, fostering a virtuous cycle of development.
Chan stated that the government will continue to adopt a multipronged approach to attract enterprises, capital, and talent, accelerating the transformation of Hong Kong's economy.
