Hong Kong has unveiled its fourth batch of strategic enterprises, comprising 18 companies from around the world, in an effort to further boost its innovation and technology capabilities. These firms, which have partnered with the Office for Attracting Strategic Enterprises (Oases), will establish research centers, expand their business, or set up regional or global headquarters in the city. The companies, which include two from the United States and one from Singapore, have signed a partnership agreement with Oases. Together with the 66 key enterprises drawn to the city in the previous three batches, these firms are expected to bring significant investments and job creation to Hong Kong.

Expected investment: around HK$50 billion
Expected job creation: over 20,000
Expected research and development centers: 18

Financial Secretary Paul Chan Mo-po highlighted the importance of these strategic enterprises, saying that Hong Kong treasures not only the investments, jobs, and expertise that these firms will bring, but also their innovative products and solutions that will transform people’s lives. “These strategic enterprises will not only bring in significant investments and jobs, but also bring innovative products and solutions that will transform people’s ways of life and inspire innovation,” Chan said. One of the companies in the latest batch, Li Auto, plans to invest around HK$2 billion in Hong Kong and hire around 200 people to set up an overseas headquarters. The Hong Kong office will serve as a hub for overseas investment and capital management, and a research and development center for artificial intelligence infrastructure. “

Hong Kong boasts high-quality research and development talent and a strategic geographic location, offering significant advantages in driving regional collaboration, attracting global technologies, and fostering innovation.

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– Rocky Bian, Chief Operating Officer of Enlight Medical
Enlight Medical, a Boston-based medical technology company, believes that Hong Kong’s status as a free port ensures stable support for importing components, raw materials, and production equipment from the United States, even in the event of a potential global trade disruption caused by tariffs. The company develops medical devices for structural heart diseases and intravascular diseases and has R&D centers or production bases in both the United States and China.

Enlight Medical develops medical devices for: structural heart diseases and intravascular diseases
Has R&D centers or production bases in both the United States and China

Hong Kong’s chief operating officer, Rocky Bian Yingnan, emphasized that the city’s high-quality research and development talent and strategic geographic location offer significant advantages in driving regional collaboration, attracting global technologies, and fostering innovation. “The firm will step up investment in its R&D center in Hong Kong, as doing so here is similar to that in Shanghai in terms of the overall costs,” Bian added. Certified Kernel Tech, the other US-headquartered strategic enterprise, offers formal verification and AI technology solutions to secure and monitor blockchains, smart contracts, and Web3 apps.

Provides services to several major banks, including one of the largest banks in Hong Kong
Intends to employ more than 10 workers for its local office with the staff size potentially expanding five times in the next three to five years

The company’s chief technology officer, Li Kang, said that it intends to employ more than 10 workers for its local office with the staff size potentially expanding five times in the next three to five years. Other strategic enterprises include E3A Healthcare, a medical solutions provider for newborns and women from Singapore, China Mobile (Hong Kong) Innovation Research Institute, which conducts advanced research in AI, 6G, and Web 3, and Baidu Apollo International, which was granted a pilot license to test autonomous vehicles in Hong Kong. Hong Kong’s Office for Attracting Strategic Enterprises (Oases) will broaden its scope to attract cultural and creative enterprises that can fuse innovation with artistry.
Aiden He

Rewritten Article:

More Details on Strategic Enterprises

Li Auto, a Chinese electric vehicle maker, will invest around HK$2 billion in Hong Kong and hire around 200 people to set up an overseas headquarters.
Enlight Medical, a Boston-based medical technology company, believes that Hong Kong’s status as a free port ensures stable support for importing components, raw materials, and production equipment from the United States.
Hong Kong’s Office for Attracting Strategic Enterprises (Oases) will broaden its scope to attract cultural and creative enterprises that can fuse innovation with artistry.

These strategic enterprises will bring significant investments and job creation to Hong Kong, with expected investments of around HK$50 billion and over 20,000 jobs created in the coming years.

Company	Country of Origin	Field of Expertise
Li Auto	China	Electric Vehicle Manufacturing
Enlight Medical	United States	Medical Technology
Certified Kernel Tech	United States	Artificial Intelligence and Blockchain
E3A Healthcare	Singapore	Medical Solutions for Newborns and Women
China Mobile (Hong Kong) Innovation Research Institute	China	Advanced Research in AI, 6G, and Web 3
Baidu Apollo International	China	Autonomous Vehicles

These strategic enterprises will drive innovation and growth in Hong Kong, with a focus on key areas such as health technology, new energy, and financial technology.

Driving Innovation and Growth

These strategic enterprises will drive innovation and growth in Hong Kong, with a focus on key areas such as health technology, new energy, and financial technology.

Key Takeaways

Expected investment: around HK$50 billion
Expected job creation: over 20,000
Expected research and development centers: 18

Conclusion

Hong Kong’s strategic enterprises will bring significant investments and job creation to the city, driving innovation and growth in key areas such as health technology, new energy, and financial technology. By attracting these strategic enterprises, Hong Kong is well-positioned to become an international innovation and technology center, driving regional collaboration, attracting global technologies, and fostering innovation.