Hong Kong Attracts Record Number of Overseas and Mainland Enterprises

Hong Kong's InvestHK assisted 560 overseas and mainland enterprises in establishing operations in the city last year, marking a more than 4% increase from the previous year and setting a new record. According to RTHK, these enterprises brought nearly HKD 70 billion in investments and created over 10,000 new jobs. InvestHK Assistant Director Lau Chi-yuen highlighted in an interview that the record number of companies reflects Hong Kong's attractive business environment and global investors' confidence in the city's prospects. Lau noted that the newly established outbound task force, with its cross-bureau, cross-departmental resources and proactive approach, has been instrumental in attracting mainland enterprises to Hong Kong, especially after the U.S. introduced reciprocal tariffs last year. Mainland companies have increased their supply chain projects overseas, viewing Hong Kong as an ideal testing ground. The government is accelerating the development of the Northern Metropolis, and Lau mentioned that potential mainland enterprises have shown significant interest in the area's development model. He believes the Northern Metropolis will become a key attraction for mainland companies considering establishing a presence in Hong Kong. InvestHK is intensifying its promotion of the Northern Metropolis, particularly its incentive packages, which include land grants, tax benefits, talent acquisition, and industry incentives, to attract more mainland enterprises to the city.