OASES Welcomes New Strategic Enterprises to Hong Kong, Promising $42 Billion Investment and 17,000 Jobs Created.

OASES announces new batch of strategic enterprises establishing or expanding businesses in Hong Kong

The Office for Attracting Strategic Enterprises (OASES) held the OASES Partnership Signing Ceremony today (November 11) to welcome a new batch of strategic enterprises to set up or expand their operations in Hong Kong.

Today, over 200 guests attended the signing ceremony, including representatives from strategic enterprises, local and international chambers of commerce, research institutions, universities, venture capital firms and financial institutions, relevant government bureaux/departments, and public organisations.

In the presence of the Financial Secretary, Mr Paul Chan, 17 strategic enterprises (see Annex) signed agreements to become strategic enterprise partners of the Government. These enterprises come from industries such as life and health technology, artificial intelligence and data science, fintech, and advanced manufacturing and new energy technology. Most of them will establish their global or regional headquarters in Hong Kong.

Together with approximately 50 strategic enterprises previously attracted, they will invest about $42 billion in total over the coming years, creating over 17 000 jobs. They will also actively attract upstream, midstream, and downstream partners from their industry chains to come to Hong Kong.

In his speech, Mr Chan said that the Government has been building a symbiotic relationship with strategic enterprises. On the one hand, Hong Kong's unique advantages under the "one country, two systems" arrangement, combined with its status as an international financial and innovation and technology (I&T) centre, world-class universities and research institutions, top-notch professional services, and a highly skilled talent pool, support enterprises in expanding their regional and global reach. On the other hand, the presence of strategic enterprises in Hong Kong will enrich Hong Kong's I&T ecosystem. Mr Chan said that a series of policies announced in the recent Policy Address, including increased investments in the I&T sector, advancement of the Northern Metropolis development, and enhancement of collaboration with sister cities in the Guangdong-Hong Kong-Macao Greater Bay Area, will benefit strategic enterprises and bolster Hong Kong's position as an attractive destination for more enterprises.

OASES and other relevant government departments provide comprehensive one-stop services to strategic enterprises to facilitate their business operations in Hong Kong, thereby promoting growth in the I&T sector and contributing to the overall economic development of Hong Kong.

OASES announces new batch of strategic enterprises establishing or expanding businesses in Hong Kong Source: HKSAR Government Press Releases

OASES announces new batch of strategic enterprises establishing or expanding businesses in Hong Kong Source: HKSAR Government Press Releases

OASES announces new batch of strategic enterprises establishing or expanding businesses in Hong Kong Source: HKSAR Government Press Releases

OASES announces new batch of strategic enterprises establishing or expanding businesses in Hong Kong Source: HKSAR Government Press Releases

Remarks by STL at media session

​Following are the remarks by the Secretary for Transport and Logistics, Ms Mable Chan, at a media session after attending a radio programme today (December 7):

Reporter: How can upcoming railway transit systems integrate new technology and provide(services)for citizens? Given that upcoming railways will not adopt heavy rail systems, what is the advantage? Has the contractor been settled yet? And as the Kai Tak Sports Park will undergo a stress test of 12 000 people tomorrow, how confident is the Bureau towards dispersing people smoothly? Thank you.

Secretary for Transport and Logistics: For the second question about the commissioning of the Kai Tak Sports Park, my Bureau andthe relevant departments will participate actively in thevarious stress tests. In fact, there will be one tomorrow, and that will involve a total number of 12 000 people.We will be participating in it. Apart from us,thevarious public transport operators, including MTR, various buses, and also taxis, will also be involved. We hope that throughthevarious stress tests, we will step up our mobilisation, our preparation, and make ourselves better prepared for different scenarios, such that when theSportsPark is commissioned, we will haveabetter and holistic preparation to cater for different scenarios.It is, after all, a very significant milestone in Hong Kong's tourism development. We will give our best in order to make this a success, and also to give the best service for our locals and also for our visitors.

As far as the railway infrastructure is concerned, surely we are engaging and planning for a number of major projects.I think the infrastructure projects did provide a very good opportunity for Hong Kong's local development as well as further development of our economy. We will work very hard and adopt a double innovation approach. That is, we will adopt innovation in technology as well as an innovative mindset in the policy and procedural framework in order to catch up with the time we have lost as well as to conduct the project expeditiously.

(Please also refer to the Chinese portion of the remarks.)