InvestHK aids 322 firms in expansion to Hong Kong

This brought $38.3b into Hong Kong’s local economy.

Invest Hong Kong (InvestHK) assisted 322 mainland and overseas companies set up or expand operations in Hong Kong in the first six months of 2024, a 43% year-on-year (YoY) increase.

This brought a total investment of $38.3b, up 6% YoY and over 3,500 jobs, up 44% YoY.

The 322 companies originated from 33 economies. Notably, 150 were from the mainland, 30 from the US, 18 from the UK, 18 from Singapore, and 15 from France. It also included 47 companies from Belt & Road economies, excluding those from the mainland.

In terms of sectors, 77 companies were in financial services and fintech, while 61 were in innovation and technology. Fifty-two were in the family office sector, 33 in business and professional services, and 29 in consumer products.

In addition, InvestHK will enhance its promotional efforts in strategic markets, including economies in the Association of Southeast Asian Nations and the Middle East and North Africa region, to maximize Hong Kong's advantages as a super connector and a super value-adder.