Hong Kong attracts another 18 strategic firms, HK$10 billion in investment pledged
Quick Look
Eighteen enterprises, including Solana and Johnson & Johnson, have committed over HK$10 billion to establish or expand operations in Hong Kong, marking the seventh batch of companies recruited by the government's OASES initiative.
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Why It Matters
The Office for Attracting Strategic Enterprises (OASES) is a government unit tasked with attracting companies of strategic importance to Hong Kong.
Nasdaq-listed fintech company Solana and healthcare giant Johnson & Johnson are among the latest batch of enterprises in artificial intelligence, healthtech and advanced manufacturing to establish or expand operations in Hong Kong, bringing in more than HK$10 billion (US$1.28 billion) in investment to the city.
The 18 enterprises signed agreements on Thursday with the Office for Attracting Strategic Enterprises (OASES), a government unit under the Financial Secretary’s Office tasked with attracting companies of strategic importance to Hong Kong.
Around half of these enterprises are from mainland China and the other half from elsewhere. They form the seventh batch of enterprises recruited under the initiative.
“We are determined to create the conditions for more impact, by connecting finance, research, talent and industry more effectively,” Financial Secretary Paul Chan Mo-po said.
Open Questions
- What are the specific operational plans for the 18 companies?
