Seventeen Companies Open Offices in Hong Kong

Hong Kong is emerging as a significant hub for innovation and technology, with over 60 companies, including 17 new ones, committing to establish offices there under the Office for Attracting Strategic Enterprises (OASES). These firms span various sectors such as artificial intelligence, fintech, and health technology, reflecting the city's strategic appeal for investment, particularly from mainland China. Financial Secretary Paul Chan emphasized the importance of being prepared for global economic shifts, particularly with the upcoming US presidential election. Companies like KN Group are relocating teams to Hong Kong, benefiting from government support in recruitment and operational logistics. The influx of these businesses is expected to create over 17,000 jobs and bring an estimated HK$42 billion in investments. Overall, despite global uncertainties, there is strong optimism about Hong Kong's economic prospects and its role in connecting mainland Chinese technology with Southeast Asian markets.