The Financial Secretary of the Hong Kong Special Administrative Region Government, Chan Mo po, announced on the 24th that over a hundred family offices will be established in Hong Kong one after another. The SAR government will continue to actively "go global", build a more vibrant innovation and technology ecosystem, and actively engage with more cutting-edge science and technology enterprises from different regions. It is expected that the number of introduced enterprises will continue to increase. On the same day, Chen Maobo posted a blog post stating that as of February 2024, the dedicated team of the Investment Promotion Department has assisted 58 family offices in establishing or expanding their businesses in Hong Kong, and more than 100 have indicated that they have decided or are preparing to establish or expand their businesses in Hong Kong, reflecting Hong Kong's significant attraction as an international financial center to wealth management businesses, including family offices. On March 20th, the Hong Kong Special Administrative Region Government's Office for Introducing Key Enterprises held a "Key Enterprise Partner Signing Ceremony", and 25 key enterprises officially signed contracts and settled in Hong Kong. Chen Maobo said that, along with the first batch of key enterprises introduced in 2023, about one-fifth of the first two batches of key enterprises settled in Hong Kong come from Europe and America. Two batches of nearly 50 companies settling in Hong Kong will invest over HKD 40 billion in Hong Kong. These enterprises involve fields such as life and health technology, artificial intelligence and data science, financial technology, advanced manufacturing and new energy technology. Chen Maobo believes that when key enterprises come to Hong Kong, it will also drive enterprises in the upstream, midstream, and downstream of their industrial chain to settle in Hong Kong. The SAR government will continue to encourage research and development activities, accelerate the transformation of research results, cultivate local start-ups and innovative talents, promote new industrialization, and strengthen cooperation with sister cities in the Greater Bay Area to jointly build a more vibrant innovation ecosystem. It is reported that the Investment Promotion Department assisted approximately 380 domestic and foreign enterprises in opening and expanding their businesses in Hong Kong last year, an increase of nearly 30% compared to 2022. In the first two months of this year, the Investment Promotion Department has assisted 100 domestic and foreign enterprises in developing in Hong Kong, an increase of 74% compared to the same period last year. The Investment Promotion Agency plans to open advisory offices in Cairo, Egypt and Izmir, Türkiye this year to strengthen investment promotion in the Middle East, Central Asia and other regions along the the Belt and Road. (Lai Xin She)
Edit：Liangyongqing Responsible editor：Liyi
Source：XinhuaNet
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