'Strategic enterprise investments in HK hit HK$28bn'
Investments made by the first six batches of firms brought to Hong Kong through the Office for Attracting Strategic Enterprises reached HK$28.3 billion as of the end of September, according to Financial Secretary Paul Chan. Writing in his weekly blog, Chan noted that, including the seventh batch of 18 firms recently welcomed, a total of 142 strategic enterprises have now established or expanded…
Investments by strategic enterprise firms in Hong Kong have surpassed HK$28 billion, according to Financial Secretary Paul Chan. As of September, the first six batches of these firms have collectively brought in HK$28.3 billion in capital, Chan reported in his weekly blog. This figure represents a 30 percent increase over the initial target for the six batches.
Chan emphasized that these investments are generating jobs and strengthening Hong Kong's competitive edge. By the end of September, these firms were already employing over 10,300 people, exceeding the projected 10,000 jobs by 34 percent. Among the first six batches, approximately 70 percent have set up global or regional headquarters in Hong Kong, while nearly 90 percent have established research and development centers.
This influx of capital, jobs, and decision-making functions is essential for maintaining Hong Kong's long-term economic prosperity.
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- 'Strategic enterprise investments in HK hit HK$28bn' news.rthk.hk
