Hong Kong Welcomes 22 New Strategic Enterprises, Boosting Investment and Job Creation.

2026-04-20 17:15 Last Updated At：19:53

Speech by FS at OASES Enterprises Signing Ceremony

Following is the speech by the Financial Secretary, Mr Paul Chan, at the OASES Enterprises Signing Ceremony today (April 20):

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Speech by FS at OASES Enterprises Signing Ceremony Source: HKSAR Government Press Releases

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Source: AI-found images

Speech by FS at OASES Enterprises Signing Ceremony Source: HKSAR Government Press Releases

Peter (Director-General of the Office for Attracting Strategic Enterprises (OASES), Mr Peter Yan), government colleagues, representatives of our strategic enterprise partners, distinguished guests, ladies and gentlemen,

Good afternoon.

It is my great pleasure to welcome you all to the signing ceremony for the sixth batch of OASES strategic enterprises.

I am particularly delighted to welcome the 22 enterprises joining us today. They represent a diverse mix of geographies and sectors, including world-leading pharmaceutical companies, as well as pioneers in AI, fintech, advanced manufacturing, and the cultural and creative industries. They come from the Chinese Mainland, and across Asia, Europe, the Americas and Africa. To our new partners - thank you for choosing Hong Kong for your future.

This new cohort will further strengthen our expanding community of strategic enterprises. Together, the 124 enterprises are expected to bring in $73 billion in investment, and create some 25 000 jobs, many of which are high-value positions in R&D (research and development) and management.

Indeed, our earlier batches of enterprises are already making a real impact. Around 75 per cent have established, or are establishing, their global or regional headquarters in Hong Kong. Nearly 90 per cent have set up research and development centres here or will soon do so. Collectively, they take up more than 2.6 million square feet of commercial and industrial space. Many have also chosen to locate in the Northern Metropolis and the Hetao Hong Kong Park (Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone), leveraging their proximity and synergy with Shenzhen and the wider Greater Bay Area (Guangdong-Hong Kong-Macao Greater Bay Area).

Beyond these tangible benefits, our strategic enterprise partners are helping to strengthen Hong Kong's innovation ecosystem. Many have formed partnerships with local universities, enterprises and research institutions. Some are collaborating with our hospitals, applying advanced technologies to improve the care for local patients. Others are using Hong Kong as a platform to pilot their cutting-edge applications, such as autonomous driving and fintech solutions, before scaling them internationally.

This is a clear win-win for Hong Kong and for the enterprises. On the one hand, they bring investments, create jobs and deliver innovations that benefit our community. On the other, Hong Kong provides them with the platform, connectivity, finance, talent and professional support to expand internationally and realise their full potential.

Looking ahead, we remain firmly committed to attracting more strategic enterprises. In an increasingly complex global environment, our country continues to achieve steady and sustainable growth. The Outline of the 15th Five-Year Plan highlights the development of a modernised industrial system and advances high-level, two-way opening up. In essence, it is encouraging more Mainland enterprises to go global while welcoming international companies into the Chinese market.

Hong Kong is determined to play an instrumental role in this process, serving both as a "super connector" and a "super value-adder". We are a city where capital, talent, technology data, and ideas converge. Strategic enterprises will find abundant opportunities here.

As outlined in this year's Budget, we are advancing our "AI+" and "Finance+" strategies to drive Hong Kong's development. Under "AI+", we are accelerating the adoption of AI across industries. We will explore how AI can further empower our innovation ecosystem, and through "Finance+", we are taking advantage of Hong Kong's IFC (international financial centre) position to empower companies at different stages of development to grow and expand. For example, we are taking forward further reforms to our listing regime to help technology enterprises raise funds.

At the same time, our deepening collaboration within the Greater Bay Area offers unique advantages. In Hetao, we are promoting the efficient and secure flow of capital, goods, talent, data and biosamples with the Mainland. This will create a more conducive environment for innovation, particularly in sectors such as AI and biomedicine. Going forward, enhanced co-ordination between national and Hong Kong drug regulatory authorities will accelerate drug approval processes and shorten the time to market for new products.

Ladies and gentlemen, my message to you - and to innovative enterprises around the world - is simple: Hong Kong is where you want to be. Here, you will find the talent, capital, connections, services and support to realise your ambitions.

On this note, may I once again extend my warmest welcome to our new strategic enterprise partners. I wish you every success in Hong Kong and beyond. Thank you very much.

Hong Kong Welcomes 22 Strategic Enterprises, Boosting Innovation and Job Creation

OASES announces new batch of 22 strategic enterprises

The Office for Attracting Strategic Enterprises (OASES) today (April 20) held a signing ceremony to welcome its latest batch of 22 strategic enterprises (see Annex) establishing or expanding their operations in Hong Kong.

The ceremony was officiated by the Financial Secretary, Mr Paul Chan.

Many of the enterprises in this batch have a market valuation exceeding $100 billion. The cohort includes global top 10 and top 20 pharmaceutical firms, which are world leaders in life and health technology, and industry titans in advanced microprocessor manufacturing, artificial general intelligence (AGI), smart mobility technology, global eVTOL innovation, leading low-altitude economy infrastructure, digital asset custody and wallet infrastructure, and internationally renowned game development.

With the addition of these enterprises, OASES has successfully attracted more than 120 strategic enterprises to date. Collectively, these companies are projected to bring approximately $73 billion in investment and create about 25 000 job opportunities in high-end research and development (R&D) and management positions over the coming years. This will provide strong impetus for Hong Kong's industrial upgrading and talent development.

Mr Chan warmly welcomed a new cohort of key enterprises setting up in Hong Kong. Speaking at the ceremony, Mr Chan said, "Our strategic enterprise partners are helping to strengthen Hong Kong's innovation ecosystem. Many have formed partnerships with local universities, enterprises and research institutions. Some are collaborating with our hospitals, applying advanced technologies to improve the care for local patients. Others are using Hong Kong as a platform to pilot their cutting-edge applications, such as autonomous driving and fintech solutions, before scaling them internationally."

He added that many of the key enterprises that arrived earlier have established global or regional headquarters as well as R&D centres in Hong Kong. They are also actively establishing a presence in the Northern Metropolis and the Hetao Hong Kong Park, leveraging Hong Kong's proximity and synergy with Shenzhen and the rest of the Greater Bay Area.

"This is a clear win-win for Hong Kong and for the enterprises. On the one hand, they bring investments, create jobs and deliver innovations that benefit our community. On the other, Hong Kong provides them with the platform, connectivity, finance, talent and professional support to expand internationally and realise their full potential."

He added, "As outlined in this year's Budget, we are advancing our 'AI+' and 'Finance+' strategies to drive development. Under 'AI+', we are accelerating the adoption of artificial intelligence across industries, and exploring how AI can further empower Hong Kong's innovation ecosystem. And through Finance+, we are taking advantage of Hong Kong's IFC (international financial centre) position to empower companies at different stages of development to grow and expand. For example, we are taking forward further reforms to our listing regime to help technology enterprises raise funds."

Pfizer Corporation Hong Kong Limited, a newly onboarded strategic enterprise, highlighted Hong Kong's world-class universities, exceptional R&D talent, and innovative drug registration frameworks, such as the "1+" mechanism, as key factors positioning the city as an ideal gateway for pharmaceutical innovation. These unique attributes provide fertile ground for biopharmaceutical development and have encouraged Pfizer to deepen its investment in the region.

Meanwhile, Hygon Information Technology Co Ltd,a leading manufacturer of high-performance Central Processing Unit and Deep Computing Unit with a market valuation exceeding $500 billion, emphasised its plan to utilise Hong Kong as a strategic base to promote the domestic computing ecosystem. By leveraging Hong Kong's unique advantages to expand its global reach, Hygon Information aims to empower "new quality productive forces" and drive the high-quality development of the digital economy.

AutoFlight, a global leader in eVTOL technology, stated that Hong Kong's role as a "super connector" between the Chinese Mainland and international markets makes it the ideal gateway for business expansion. The company is committed to advancing the "new industrialisation" and smart mobility objectives outlined in the 15th Five-Year Plan by deploying its technology in the city.

Zhuan Spirit Holdings Limited, a leading enterprise in the Chinese Mainland's circular economy, plans to utilise Hong Kong as its global hub to implement core technologies and deepen strategic collaborations. By establishing a benchmark for green innovation and technology, the group aims to drive the development of smart city initiatives and the digital economy, ultimately propelling the Chinese Mainland's circular economy model onto the global stage.

The Director-General of OASES, Mr Peter Yan, said that with half of the new companies coming from abroad, Hong Kong continues to stand out as the premier choice for industry titans despite global complexities. He stated that the strategic enterprises will serve as a powerful engine for economic growth and industry development, reinforcing Hong Kong's role as a "super connector" and "super value-adder" between the Chinese Mainland and the global stage.

OASES will continue to proactively attract high-potential and representative strategic enterprises and collaborate with government departments to support their development, further reinforcing Hong Kong's position as a global innovation hub.

Hong Kong Welcomes 22 New Strategic Enterprises, Boosting Investment and Job Creation.

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