Editorial | Hong Kong office attracts firms to live up to its name
City is being reinvigorated as regional business hub thanks to success of body bringing in hi-tech talent
Slowly but surely, the government’s Office for Attracting Strategic Enterprises is helping to reinvigorate Hong Kong as a regional business hub. The latest batch of 17 companies have signed up to set up shop in the city.
Besides bringing talent to Hong Kong, they will also offer high pay and new opportunities for locals.
They cover an array of hi-tech industries, which is what the city needs to succeed in the 21st century – artificial intelligence and big data, life and health technology, fintech, robotics, advanced manufacturing and green energy technology. Fifteen are from the mainland, one from the United States and the other from France.
Hong Kong is uniquely situated to offer gateways to the region and beyond, and into mainland China. With its low-tax regime and access to international capital markets, the city will still give its closest competitor, Singapore, a run for its money.
These hi-tech firms will help enhance Hong Kong’s innovation and technology ecosystem.