- Over 30 strategic enterprises expected to invest US$3.8 billion in the city after the launch of Office for Attracting Strategic Enterprises
- Smart retail solution provider Dmall will use Hong Kong's presence as a springboard to expand its software-as-a-service platform in Asia and across the world
Hong Kong remains an attractive regional location for foreign direct investment (FDI), two recent government studies reveal. Last year there were 9,039 companies based in Hong Kong with parent companies overseas or in mainland China – showing a recovery back to the high level from before the Covid-19 pandemic – December’s “2023 Annual Survey of Companies in Hong Kong with Parent Companies Located outside Hong Kong” says. These businesses employ about 468,000 people in the city.
A second study shows that start-ups are continuing to flourish in Hong Kong, with 4,257 new businesses beginning to operate in the city last year – an increase of 272 compared with 2022’s total – the “2023 Startup Survey”, also published in December, reveals. These start-ups now employ 16,453 people in various industries, such as financial technology (fintech), e-commerce, supply-chain management, and logistics technology, the report says.
The findings of these surveys come as the government initiative, the Office for Attracting Strategic Enterprises (Oases), revealed that it has attracted over 30 strategic enterprises to establish a foothold in Hong Kong since it was launched in December 2022.