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

2026-04-20 19:40 Last Updated At：20:33

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.

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OASES announces new batch of 22 strategic enterprises Source: HKSAR Government Press Releases

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OASES announces new batch of 22 strategic enterprises Source: HKSAR Government Press Releases

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.

HKSAR Officials Begin National Affairs Study at Beijing's National Academy of Governance

HKSARG Permanent Secretaries and Heads of Departments officially commence study programme

A delegation of Permanent Secretaries and Heads of Departments of the Hong Kong Special Administrative Region (HKSAR) Government for a national affairs study officially commenced their programme today (April 20) at the National Academy of Governance (NAG) in Beijing to reinforce their understanding of the country's major policies and development strategies.

The Executive Vice President of NAG in charge of daily operations, Mr Xie Chuntao, gave a lecture to the participants on Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. In addition, the Permanent Secretaries and Heads of Departments received a briefing on the National 15th Five-Year Plan to learn about the formulation objectives, processes, etc.

The Secretary for the Civil Service (SCS), Mrs Ingrid Yeung, called on Mr Xie in the morning. The Permanent Secretary for the Civil Service, Ms Shirley Lam, also attended.

Mrs Yeung expressed her gratitude to NAG for having long been giving strong support for the civil service training of the HKSAR Government. She said, "The civil service is a key part of the HKSAR governance system, shouldering the responsibility of implementing the 'one country, two systems' principle and supporting the administration of the HKSAR Government. This study programme, designed for the most senior officers in the civil service, is a valuable learning opportunity conducive to the understanding of the key national policies and the evolving global landscape, which will facilitate the formulation and implementation of policies and measures within respective bureaux in proactive alignment with the National 15th Five-Year Plan in the future."

She also noted that NAG has long been an important partner in the civil service training of the HKSAR Government. The Civil Service Bureau will continue to strengthen training for civil servants at all levels to ensure their accurate understanding of the constitutional order, national security and national policies, and enhance their national identity and patriotic spirit as well as awareness and sense of responsibility in proactively safeguarding national security.

Mrs Yeung yesterday (April 19) led a delegation of more than 20 Permanent Secretaries and Heads of Departments of the HKSAR Government to Beijing for the study and duty visit. This marks the second time since 2023 for Permanent Secretaries and Heads of Departments to study on the Mainland. The delegation will continue the programme in Beijing tomorrow (April 21).

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

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