a total of 142 strategic enterprises have now established or expanded their operations in Hong Kong
Hong Kong's Financial Secretary, Paul Chan, stated that as of the end of September this year, the first six batches of strategic enterprises introduced to Hong Kong through the Office for Attracting Strategic Enterprises (OASES) have achieved actual investments of HKD 28.3 billion in the city and created over 10,300 jobs, exceeding initial phased targets by 30% and 34% respectively. In his weekly blog, Chan noted that, including the recently welcomed seventh batch of 18 enterprises, a total of 142 strategic enterprises have now established or expanded their operations in Hong Kong. He anticipates these enterprises will bring approximately HKD 84 billion in investment and create about 27,000 job opportunities in the coming years. Among the first six batches of enterprises, about 70% have established global or regional headquarters in Hong Kong, and nearly 90% have set up R&D centers, bringing capital, employment, R&D, and decision-making functions to Hong Kong, which are crucial for maintaining the city's long-term competitiveness.
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