HK lures 30 strategic enterprises to create 10,000 jobs: finance secretary

These companies will create 10,000 jobs in the market.

Hong Kong attracted 30 strategic enterprises which will so far invest some $30b and create 10,000 jobs in the market, Finance Secretary Paul Chan revealed.

In a speech at the HK Green Finance Association Annual Forum 2023, Chan identified strategic enterprises as those with cutting-edge technologies, that will settle in Hong Kong. The majority of the businesses will settle in the Northern Metropolis.

Hong Kong’s Office for Attracting Strategic Enterprises launched last December helped target such businesses, “as well as those in the life and health sciences, artificial intelligence and data science, fintech, advanced manufacturing, new materials, and new energy.”

Chan also shared in his speech that the innovations will be backed by deepened collaboration with the Greater Bay Area.

“In fact, the “Shenzhen-Hong Kong-Guangzhou” science and technology cluster has ranked second globally for four consecutive years in the annual Global Innovation Index by the World Intellectual Property Organisation,” said Chan.

Global green transition

To support greener finance, Chan said Hong Kong welcomes ASEAN markets, the Middle East, and countries along the Belt & Road to tap Hong Kong’s world-class financial services.

Chan shared that last May, the Hong Kong Mortgage Corporation issued Hong Kong's pilot infrastructure loan-backed securities, valued at US$400m.

“The securities cover 25 projects in the Asia-Pacific, Middle East and South America. Amongst them, US$100 million was relating to green and sustainable development, as well as social responsibility projects,” he added.

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