'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…
As of September, strategic enterprise investments in Hong Kong amounted to HK$28.3 billion, according to Financial Secretary Paul Chan. The figure includes the recent arrival of the seventh batch of 18 firms, bringing the total number of strategic enterprises operating or expanding in the city to 142. Chan predicts these investments will generate HK$84 billion in total and create approximately 27,000 jobs in the years ahead.
He emphasized that this progress is tangible, with actual investments by the first six batches already reaching HK$28.3 billion and employing over 10,300 individuals – surpassing initial targets by 30% and 34% respectively. Chan noted that corporate confidence in Hong Kong is translating into real economic benefits. Among the first six batches, roughly 70% established global or regional headquarters in the city, and nearly 90% set up research and development centers.
These developments, Chan argued, bring more than just capital and jobs; they also contribute crucial research and decision-making functions, essential for maintaining Hong Kong's competitive edge in the long term.
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- 'Strategic enterprise investments in HK hit HK$28bn' news.rthk.hk
