Paul Chan: Number of overseas and mainland enterprises investing in HK reaches record high
The Business Conference on Guangdong-Hong Kong-Macao Greater Bay Area Development was held today (Dec. 11). Financial Secretary Paul Chan attended a luncheon and stated that the number of overseas and mainland enterprises investing in Hong Kong and the number of startups in 2024 have reached record highs, reflecting that Hong Kong is an ideal location for businesses to establish and expand. The government will later announce the relevant figures.
Chan noted that Hong Kong's competitiveness is widely recognized internationally. This year, Hong Kong has regained its position among the world's top three international financial centers and has once again been rated as the most free economy globally, with its competitiveness rising to fifth place in the world. More and more domestic and foreign companies invest and establish operations in Hong Kong.
He mentioned that this year, the central government has introduced various comprehensive measures to deepen cooperation in the Greater Bay Area, including optimizing the cross-border wealth management connect scheme and expanding the scope for mutual investment products. Starting this month, the central government has also resumed the "multiple-entry" endorsement for Shenzhen residents visiting Hong Kong, which will support the development of Hong Kong's tourism industry and promote more business and personnel exchanges.
Chan stated that the Hong Kong Special Administrative Region Government will continue to promote the integrated development of the Greater Bay Area in three key fields:
In finance, the government will continue to advance reforms in the securities and financial markets and promote cross-market connectivity to attract more domestic and foreign capital and quality enterprises, thereby enhancing the liquidity of Hong Kong's capital markets and providing financial support for projects and businesses. In this process, efforts will also be made to enhance the interconnectivity of capital markets within the Greater Bay Area, such as further optimizing the cross-border wealth management connect scheme.
In terms of innovation and technology, the government will continue to strengthen systematic investment in local innovation and the digital economy, focusing on deepening cooperation with Bay Area cities in the Lok Ma Chau Loop.
In trade, Hong Kong will actively play the role of a "super connector" in linking traditional markets and countries in the "Global South", thus exploring new markets and growth points.
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