https://www.scmp.com/rss/517529/feed Foreign and mainland Chinese companies in strategically important industries continue to open a presence in Hong Kong – enticed by the city’s global status as an international business and financial hub. Representatives of these firms explain why Hong Kong remains their preferred launchpad for global expansion and we find out how they have been enticed to the city by the Hong Kong government initiative, Office for Attracting Strategic Enterprises, which launched in December 2022. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Demand for electric vehicles (EVs) has been growing exponentially around the world in recent years. This surge has come amid the increasing availability and affordability of models and heightened public awareness of the need to phase out fossil-fuel powered cars and trucks to help cut carbon emissions and curb global warming. “Previously, there were concerns about the driving range of EVs and the convenience of charging,” says Zhang Qi, executive vice-president of Chinese EV maker Hozon Auto’s... https://www.scmp.com/native/business/topics/hub-enterprises-future/article/3263038/hong-kong-power-global-ambitions-chinese-mainlands-electric-vehicle-brand-neta?utm_source=rss_feed https://www.scmp.com/native/business/topics/hub-enterprises-future/article/3263038/hong-kong-power-global-ambitions-chinese-mainlands-electric-vehicle-brand-neta?utm_source=rss_feed Wed, 29 May 2024 04:00:10 +0000 Global pharmaceutical giant AstraZeneca announced a significant investment in Hong Kong last November, with plans to open a new research and development (R&D) hub that will focus on developing gene and cell therapies. The move by the Anglo-Swedish company was widely seen as a major vote of confidence in the city and its future as a leading international hub for innovation and technology (I&T). The strategic decision to set up the AstraZeneca R&D hub in the Lok Ma Chau Loop technology hub, near... https://www.scmp.com/native/news/hong-kong/health-environment/topics/hub-enterprises-future/article/3263625/why-pharmaceutical-giant-astrazeneca-chose-hong-kong-new-rd-hub-focused-oncology-rare-diseases-and?utm_source=rss_feed https://www.scmp.com/native/news/hong-kong/health-environment/topics/hub-enterprises-future/article/3263625/why-pharmaceutical-giant-astrazeneca-chose-hong-kong-new-rd-hub-focused-oncology-rare-diseases-and?utm_source=rss_feed Mon, 27 May 2024 08:00:09 +0000 Last year, as Qi An Xin (QAX), one of mainland China’s leading cybersecurity companies, planned its continued global expansion, it carried out research and internal discussions about the most suitable place to set up a headquarters for this mission. The city it chose for its new office was Hong Kong. “Hong Kong is truly a very vibrant Special Administrative Region,” He Rui, assistant president and general manager of QAX’s department of international business, says. “The city welcomes companies... https://www.scmp.com/native/business/topics/hub-enterprises-future/article/3254076/why-chinas-cybersecurity-company-qi-xin-set-hong-kong-headquarters-boost-global-expansion?utm_source=rss_feed https://www.scmp.com/native/business/topics/hub-enterprises-future/article/3254076/why-chinas-cybersecurity-company-qi-xin-set-hong-kong-headquarters-boost-global-expansion?utm_source=rss_feed Wed, 06 Mar 2024 04:00:12 +0000 Morning Studio editors Morning Studio editors Hong Kong remains an attractive regional location for foreign direct investment (FDI), two recent government studies reveal. Last year there were 9,039 companies based in Hong Kong with parent companies overseas or in mainland China – showing a recovery back to the high level from before the Covid-19 pandemic – December’s “2023 Annual Survey of Companies in Hong Kong with Parent Companies Located outside Hong Kong” says. These businesses employ about 468,000 people in the city. A second study... https://www.scmp.com/native/news/hong-kong/hong-kong-economy/topics/hub-enterprises-future/article/3249368/how-hong-kong-government-initiative-entices-fintech-ai-data-science-and-advanced-manufacturing?utm_source=rss_feed https://www.scmp.com/native/news/hong-kong/hong-kong-economy/topics/hub-enterprises-future/article/3249368/how-hong-kong-government-initiative-entices-fintech-ai-data-science-and-advanced-manufacturing?utm_source=rss_feed Wed, 24 Jan 2024 04:00:18 +0000