Hong Kong City Innovation and connectivity

Overseas firms on Thursday said they eye further expansion in Hong Kong due to the city’s rapidly developing technological and innovation ecosystem as well as its connectivity with the world, against the backdrop of geopolitical uncertainties.

The remarks came as Hong Kong’s Chief Executive John Lee officiated at a welcome reception hosted by InvestHK for international and mainland enterprises expanding their footprint in the city.

Lee noted that 413 companies established or expanded their operations in Hong Kong during the first half of this year, marking a year-on-year increase of some 10 percent. Together, they are expected to bring in over HK$53 billion in foreign direct investment and create more than 8,600 jobs, Lee said.