‘Strategic’ enterprises to invest $50b in Hong Kong and generate 20,000 jobs

The OASES will announce the new batch in March 2025.

Over 10 “strategic” enterprises are investing a total of $50b to create over 20,000 jobs in the city over the next few years.

In his 2025-2026 Budget Speech, Hong Kong’s Financial Secretary Paul Chan said that the Office for Attracting Strategic Enterprises (OASES) is set to announce the new batch of over 10 enterprises in March.

Since its establishment in 2022, the Office for Attracting Strategic Enterprises (OASES) has reportedly attracted 66 “strategic” enterprises, Chan said. Many of these enterprises are I&T companies with a market valuation of over $10b and engage in cutting-edge technologies.

Over 8 in 10 or 80% of which have established or planned to establish their global or regional headquarters in Hong Kong.

Separately, Invest Hong Kong has attracted over 500 Mainland and overseas enterprises to set up or expand their businesses in Hong Kong in 2024, Chan said. This is 40% higher than in 2023.

“These enterprises are expected to bring in direct investment of over $67.7b,” Chan said.