Over 25 companies in the innovation and tech sector are investing big in Hong Kong. They have committed to investing more than HK$17 billion. This investment will create at least 4,000 jobs, according to Hong Kong’s finance chief Paul Chan.
Chan announced this in his weekly blog on Sunday. He revealed that government teams, including the Innovation, Technology and Industry Bureau (ITIB) and Office for Attracting Strategic Enterprises (OASES), have been negotiating. They have talked with over 200 firms. More than 25 of them are either setting foot in Hong Kong or planning expansions.
Many of these 25 companies are worth more than HK$10 billion. They possess leading skills and will invest over HK$17 billion in Hong Kong. This investment will create more than 4,000 job opportunities. Tech giants such as Biren Technology, Horizon Robotics, Dmall, and Yuan Hua Tech have unveiled plans to expand in Hong Kong, Chan confirmed.
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Other major tech firms like Huawei, Meituan, and JD.com are also growing new businesses in the city. Chan expressed belief that more overseas tech firms will follow their lead.
Chan emphasized the government’s dedication. He said, “The government has worked hard in developing innovation and technology. We invested nearly 200 billion and actively recruited talents. We must accelerate the development of innovation and technology in Hong Kong. This will inject greater momentum into economic development and create more and better job opportunities.”
He further added that uniting high-potential and leading companies can spur industry chain growth. This collaboration will attract even more companies and talent to Hong Kong. It will create a positive cycle for the innovation and technology ecosystem.
This announcement signifies a major boost for Hong Kong’s technological landscape. The massive investment from top tech firms emphasizes the city’s appeal as an innovation hub. It also promises substantial employment growth, aligning with the city’s vision to become a global leader in technology and innovation.
This news is based on information provided by Marketing Interactive.
