Hong Kong Business News

Invest Hong Kong (InvestHK) today announced that it assisted 322 Mainland and overseas companies to set up or expand operations in Hong Kong during the first six months of 2024, representing a 43% year-on-year increase.

The total investment brought to the local economy reached HK$38.3 billion, up 6% year on year, with more than 3,500 job opportunities being created, up 44% year on year, InvestHK added.

The department revealed that the 322 companies came from 33 economies. One hundred and fifty came from the Mainland, followed by 30 from the US, 19 from the UK, 18 from Singapore and 15 from France.

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

The portfolio also included 47 companies from Belt & Road economies, excluding those from the Mainland, InvestHK said.

Director-General of Investment Promotion Alpha Lau said the continued growth of the department's portfolio is attributable to the gradual recovery of the global economy and the ongoing support at a national level.

“Hong Kong by many measures is the most sought-after global financial and business hub in Asia. For the second half of the year, we will continue to promote the city's strengths according to our targets,” she said. “Financial services, innovation and technology, and family offices, are among some of the priority sectors.”

Ms Lau also mentioned that InvestHK will enhance its promotion efforts in strategic markets, including economies in the Association of Southeast Asian Nations and the Middle East and North Africa region, in order to maximise Hong Kong's advantages as a super connector and a super value-adder.

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