Hong Kong welcomes 18 new businesses

GlaxoSmithKline and Goertek Microelectronics are amongst the new entrants.

Eighteen companies in the pharmaceutical, artificial intelligence (AI), autonomous driving, microelectronics, new media, and Web3 technology industries have recently entered Hong Kong.

The new company entries include three of the world’s top 10 pharmaceutical companies, Peter Yan, director-general of the OASES, said.

The companies include ARM Technology Ltd, Goertek Microelectronics Inc., GlaxoSmithKline Ltd, PingPong Intelligence Ltd, and WeRide.

With this, more than 100 firms have now entered the country and they have brought HK$60b worth of investments, said Paul Chan, the country’s financial secretary, during the welcoming ceremony for the firms held by the Office for Attracting Strategic Enterprises (OASES). These businesses have created about 22,000 jobs.

“Beyond numbers, they also bring transformative ideas, world-class expertise, global perspectives, and a spirit of innovation,” Chan said.