Hong Kong to delve into new markets as firms lured to city hits 100: leaders

Hong Kong will step up efforts to lure foreign investment and venture into new markets amid geopolitical challenges and trade tensions, as it teams up with mainland Chinese businesses to seize opportunities abroad, the city leader has said.

The vow by John Lee Ka-chiu on Sunday came as Financial Secretary Paul Chan Mo-po revealed that the Office for Attracting Strategic Enterprises (Oases) would soon announce the fifth batch of strategic enterprises establishing or expanding their operations in Hong Kong, an addition expected to take the total to about 100.

Speaking ahead of his policy address scheduled to be delivered next month, Chief Executive Lee highlighted Hong Kong’s strengths in convincing foreign businesses to expand their operations locally, while also helping mainland companies go global.

As of July, the Companies Registry listed more than 1.5 million local businesses and over 15,000 non-local firms, a record, he noted.

InvestHK, the city’s investment promotion agency, had helped 1,333 companies establish or expand their operations in Hong Kong between January 2023 and last month, bringing in HK$174 billion (US$22.1 billion) in direct investment within their first year of operation while creating more than 19,000 jobs, he added.

“In the face of complex and volatile geopolitical challenges and the new trade landscape, we will not slow down but speed up steadily in attracting investment to bring more momentum to the local economy,” he wrote on social media.

Source link

Visited 1 times, 1 visit(s) today

Health checks on older Hong Kong taxi drivers should be ‘targeted’: experts

Compulsory health checks on older taxi drivers in Hong Kong to evaluate their capacity to drive should be targeted to cover cabbies’ cognitive abilities and take into account their medications, with clearer guidelines on specific conditions, industry experts have said. Ringo Lee Yiu-pui, honorary life president of the Hong Kong, China Automobile Association, said on

11 August 2025

How Hong Kong firms are tapping the rising global demand for halal food products

Hong Kong food producers are capitalising on the growing demand for halal cuisine, with some firms developing certified pre-packed products for tourists in the city and Chinese restaurants in the Middle East. Some industry insiders told the Post recently that the current number of halal-certified restaurants was still falling short of meeting local demand. “We

11 August 2025

‘The risk … has increased’

Increasing global temperatures rightly capture a lot of attention. Much of the focus is on the dangers posed by melting glaciers or the intensity and frequency of natural disasters. But another harmful effect of warmer weather is that there are, quite simply, more days for mosquitoes to be active. What’s happening? It was recently announced

11 August 2025

Wong Po-keung, chairman of the Hong Kong Taxi Owners’ Association, poses for a photo in March 2023. Photo: May Tse

Opinion | Stricter health checks for Hong Kong taxi drivers should just be a start

A proposal in Hong Kong to require commercial vehicle drivers aged 65 and above to pass a fitness test before their driving licences can be renewed was first raised in the Legislative Council back in May 2023. Little was heard about it since – until now. After last week’s horrific car crash involving an octogenarian

11 August 2025

Mainland Chinese schools charging pupils up to 334,000 yuan for Hong Kong DSE

More than 40 schools in five mainland Chinese cities and provinces offering Hong Kong’s university entrance exam curriculum charge at least 100,000 yuan (US$13,925) in annual tuition, with fees of as much as 334,000 yuan at one, the Post has found. The schools, in Guangdong, Beijing, Shanghai, Jiangsu and Zhejiang, also generally charge additional boarding

11 August 2025

Mainland insurers increase holdings in HK-listed firms

Pedestrians walk in front of the Exchange Square building in Hong Kong on May 6. CHEN YONGNUO/CHINA NEWS SERVICE During the first half of the year, Chinese mainland insurers have stepped up their holdings in Hong Kong-listed companies, a trend which is likely to continue thanks to the high yields and market vibrancy seen in the

11 August 2025

Hong Kong ultra-luxury homes: mainland Chinese buyers drive US$3 billion buying spree

Hong Kong’s super luxury property market has seen 35 transactions worth about HK$23 billion (US$2.93 billion) in the past 19 months, with ownership shifting from local property-industry tycoons to mainland buyers who have made their fortunes in hot industries, according to Savills. Wealthy buyers from mainland China accounted for 80 per cent of the deals

11 August 2025

Hong Kong university entrance exam courses offered at over 70 mainland schools

More than 70 schools in mainland China are offering Hong Kong’s university entrance exam courses, with some operators planning for further expansion given the curriculum’s growing demand, the Post has found. The rising popularity of the Diploma of Secondary Education (DSE) also prompted calls for Hong Kong authorities to internationalise the assessment launched in 2012

11 August 2025

Hong Kong to delve into new markets as firms lured to city hits 100: leaders

Related Article