https://www.scmp.com/rss/522156/feed The latest news and top stories on the Office for Attracting Strategic Enterprises. A prominent Hong Kong-based governmental body, the Office for Attracting Strategic Enterprises (OASES) is dedicated to proactively attracting strategic enterprises and investments to enhance the city’s competitiveness and accelerate industry development. Established in December 2022 and reporting to the Financial Secretary, OASES focuses on industries such as life and health technology, artificial intelligence... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Lo Hoi-ying Lo Hoi-ying Hong Kong recorded 17 per cent growth in investment in the first quarter of the year, driven mainly by machinery purchases and construction-related activities that reflected a steadily improving property market, the finance chief has said. Financial Secretary Paul Chan Mo-po noted on Sunday that while the city recorded its fastest quarterly expansion in nearly five years at 5.9 per cent, not all residents might immediately perceive the improvements in the economy. Nevertheless, he remained... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3353030/hong-kong-records-17-jump-investments-led-machinery-purchases-construction?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3353030/hong-kong-records-17-jump-investments-led-machinery-purchases-construction?utm_source=rss_feed Sun, 10 May 2026 07:28:31 +0000 SCMP Editorial SCMP Editorial Foreign critics periodically declare the end of Hong Kong, with some of the most recent warnings following the exit of foreign firms after the 2019 protests and the Covid-19 pandemic. Now, firms are returning in droves, including some new ones in the tech sector. More than 120 strategic corporate partners are establishing a presence in Hong Kong through the government’s Office for Attracting Strategic Enterprises (OASES), including global pharmaceutical and biotech brands such as Pfizer and... https://www.scmp.com/opinion/comment/article/3351256/influx-global-firms-underscores-hong-kongs-economic-recovery?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3351256/influx-global-firms-underscores-hong-kongs-economic-recovery?utm_source=rss_feed Fri, 24 Apr 2026 23:15:10 +0000 Connor Mycroft Connor Mycroft Twenty-two strategic enterprises have signed agreements with the Office for Attracting Strategic Enterprises (OASES) to open or expand operations in Hong Kong. The latest group marks the sixth cohort under the government’s flagship investment attraction initiative since its launch in 2022, bringing the total number of strategic partners to more than 120. The South China Morning Post looks at who the latest companies are and the anticipated economic impact. 1. Who are the corporations? Pfizer, a... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3350780/which-global-firms-are-being-attracted-hong-kongs-strategic-enterprise-scheme?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3350780/which-global-firms-are-being-attracted-hong-kongs-strategic-enterprise-scheme?utm_source=rss_feed Tue, 21 Apr 2026 01:30:31 +0000 Natalie Wong,Leopold Chen Natalie Wong,Leopold Chen Hong Kong is set to announce on Monday a new batch of “strategic enterprises” establishing a presence in the city, including several firms with market capitalisations of up to HK$100 billion (US$12.8 billion), the finance chief has revealed. Financial Secretary Paul Chan Mo-po said on Sunday that the new partners were in high-growth sectors, including life and health technology, the low-altitude economy, artificial intelligence (AI), new energy materials and fintech. “Those life and health... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3350608/new-firms-hk100-billion-market-capitalisation-set-shop-hong-kong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3350608/new-firms-hk100-billion-market-capitalisation-set-shop-hong-kong?utm_source=rss_feed Sun, 19 Apr 2026 05:04:23 +0000 Eunice Xu Eunice Xu As leading Chinese chip executives predict that autonomous AI agents will trigger an unprecedented explosion in computing demand, Hong Kong is accelerating efforts to expand its artificial intelligence computing capacity. Calling token consumption in the era of AI “far beyond our imagination”, Zhang Jianzhong, founder and CEO of graphics processing unit designer Moore Threads, said at an AI summit in Hong Kong on Saturday that the exponential surge in demand had made it impossible for anyone to... https://www.scmp.com/tech/tech-trends/article/3347609/surging-demand-ai-agents-fuels-hong-kongs-race-expand-computing-power?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3347609/surging-demand-ai-agents-fuels-hong-kongs-race-expand-computing-power?utm_source=rss_feed Tue, 24 Mar 2026 02:30:09 +0000 Oscar Liu Oscar Liu Hong Kong will deepen the integration of technological and industrial innovation through opportunities brought by the nation’s blueprint to drive economic growth, the financial secretary has pledged just weeks ahead of his budget address. Paul Chan Mo-po also said on Sunday that Hong Kong must make better use of its strengths as an international financial centre to accelerate industrial development as it entered the first year of the country’s latest five-year plan. “The 15th five-year plan is... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3342812/hong-kong-will-deepen-technology-industry-links-under-nations-blueprint?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3342812/hong-kong-will-deepen-technology-industry-links-under-nations-blueprint?utm_source=rss_feed Sun, 08 Feb 2026 06:35:36 +0000 Xinmei Shen Xinmei Shen A growing number of mainland Chinese tech firms are tapping Hong Kong for research talent and overseas expansion, as the Asian financial hub moves to attract Big Tech and start-ups to boost its technology sector. Arm China, the Chinese unit of British semiconductor firm Arm Holdings, would establish a chip intellectual property research and development centre in Hong Kong in 2026 that would focus on artificial intelligence and robotics, Arm China senior technical director Zou Wei said last... https://www.scmp.com/tech/tech-trends/article/3336440/arm-china-ai-start-rabbitpre-among-mainland-tech-firms-expanding-hong-kong?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3336440/arm-china-ai-start-rabbitpre-among-mainland-tech-firms-expanding-hong-kong?utm_source=rss_feed Mon, 15 Dec 2025 09:00:36 +0000 Emily Hung Emily Hung A US-based Emmy Award-winning digital content protection firm is among the latest batch of strategic enterprises that will open offices or expand in Hong Kong, seeking to leverage the city’s creative talent and accelerate its intellectual property (IP) development. Financial Secretary Paul Chan Mo-po said the Office for Attracting Strategic Enterprises (OASES) had brought in 18 more firms to establish offices or expand in the city. With their addition, the total number of OASES enterprises would... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3328405/digital-ip-protector-us-among-18-firms-expanding-hong-kong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3328405/digital-ip-protector-us-among-18-firms-expanding-hong-kong?utm_source=rss_feed Thu, 09 Oct 2025 11:40:55 +0000 Ng Kang-chung Ng Kang-chung Hong Kong’s strong tourism rebound has driven a steady recovery in retail sales and the government will keep up the momentum with a packed calendar of mega-events in the coming months, the finance chief has said. Financial Secretary Paul Chan Mo-po also said on Sunday the government would work with different sectors to attract more visitors and encourage them to stay longer to maximise the economic benefits of mega-events. Writing on his weekly blog, Chan noted that retail sales in August hit... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3327922/tourism-rebound-driving-retail-recovery-hong-kong-finance-chief-says?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3327922/tourism-rebound-driving-retail-recovery-hong-kong-finance-chief-says?utm_source=rss_feed Sun, 05 Oct 2025 09:56:50 +0000 Edith Lin,Leopold Chen Edith Lin,Leopold Chen Hong Kong residents will enjoy the “dividends” of the Northern Metropolis, the city’s leader has said, while vowing to use investment and preferential measures to accelerate the megaproject’s development despite a budget deficit. Chief Executive John Lee Ka-chiu made the pledge on Sunday as his innovation minister said he believed that several companies joining the initiative would enjoy preferential land prices this year. Lee also urged his finance chief, Paul Chan Mo-po, to use the... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3326299/hongkongers-enjoy-dividends-northern-metropolis-john-lee-promises?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3326299/hongkongers-enjoy-dividends-northern-metropolis-john-lee-promises?utm_source=rss_feed Sun, 21 Sep 2025 09:59:56 +0000 Vivian Au Vivian Au Hong Kong will not be “overgenerous” with taxpayers’ money to lure foreign investments and ventures to the city, even though there is competition with other jurisdictions for their contributions, the finance chief has said. Financial Secretary Paul Chan Mo-po’s remarks on Thursday came after the city’s leader delivered the penultimate policy address of this term of government the previous day, focusing on providing incentives to encourage enterprises to invest in Hong Kong. The benefits to... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3326018/no-need-hong-kong-be-overgenerous-lure-foreign-firms-finance-chief?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3326018/no-need-hong-kong-be-overgenerous-lure-foreign-firms-finance-chief?utm_source=rss_feed Thu, 18 Sep 2025 11:02:13 +0000 SCMP Editorial SCMP Editorial Getting Hong Kong into reform mode amid an array of deepening external and internal challenges is a difficult but necessary task for Chief Executive John Lee Ka-chiu. After three comprehensive policy speeches mapping out how he planned to rebuild the city on the economic, social and political fronts, Lee has tabled yet another ambitious blueprint. With less than two years left in his current term, the pressure for more concrete results is even greater. The policy address, Lee said, serves as a... https://www.scmp.com/opinion/comment/article/3325886/hong-kong-leaders-ambitious-blueprint-deftly-picks-pace-reform?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3325886/hong-kong-leaders-ambitious-blueprint-deftly-picks-pace-reform?utm_source=rss_feed Wed, 17 Sep 2025 23:15:15 +0000 Morning Studio editors Morning Studio editors Hong Kong has long been recognised as a global financial hub, but in recent years, it has also rapidly emerged as an innovation and technology (I&T) centre. The unique combination of world-class research and development (R&D) facilities, government initiatives aimed at developing I&T-related industries, and strategic connectivity to both mainland China and the rest of the world positions the city as an ideal launch pad for companies specialising in fields such as green technology and smart... https://www.scmp.com/native/business/topics/building-hong-kongs-future/article/3319608/oases-drives-growth-hong-kongs-innovation-landscape-guiding-tech-companies-city?utm_source=rss_feed https://www.scmp.com/native/business/topics/building-hong-kongs-future/article/3319608/oases-drives-growth-hong-kongs-innovation-landscape-guiding-tech-companies-city?utm_source=rss_feed Mon, 28 Jul 2025 08:00:13 +0000 Mike Rowse Mike Rowse News that the government has withdrawn tenders for two sites to speed up development of the Northern Metropolis comes as Hong Kong is still celebrating the anniversaries of various economic initiatives from a previous era. There could not be a better illustration of the changes in the city’s approach to economic development. On Monday, the Development Bureau announced that it was withdrawing from two sites that had previously been open to private sector bidders. A three-hectare lot in Yuen Long... https://www.scmp.com/opinion/hong-kong-opinion/article/3319377/will-hong-kong-governments-more-hands-approach-development-pay?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3319377/will-hong-kong-governments-more-hands-approach-development-pay?utm_source=rss_feed Mon, 28 Jul 2025 01:30:08 +0000