InvestHK aids 539 companies in establishing or expanding, reaching record investment of HK$67.7 bn
Last year, the Invest Hong Kong (InvestHK) agency assisted 539 companies in establishing or expanding their operations in the city, marking a year-on-year increase of approximately 41% and setting a new historical record.
Director-General of Investment Promotion, Alpha Lau, described the past year as one of significant achievements, noting that these companies generated over 6,800 jobs and a total investment of HK$67.7 billion increase of about 10% compared to 2023-providing substantial economic benefits to Hong Kong. The arrival of these businesses also creates demand for professional services and encourages related personnel and their families to relocate, further stimulating the local economy.
Lau highlighted that the government's policy report set a target for InvestHK to attract 1,130 companies to Hong Kong from 2023 to 2025, and they are currently on track to meet this goal. Among the more than 500 companies, the majority are from the Mainland, with others coming from the United States, France, the United Kingdom, and Singapore. Lau emphasized that these companies view Hong Kong as a strategic gateway to enter mainland markets or expand globally. Additionally, the significant development of the Northern Metropolis is expected to drive demand for infrastructure and engineering services, contributing to the increase in the number of French companies in the region.
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