The government-owned Hong Kong Investment Corporation (HKIC) will unveil two new innovation projects related to medical technology and green development in the next two months, the finance minister has disclosed.
“There will be announcements [of more deals] in the next two months, one related to medical health and one related to green development,” Chan said in a radio interview.
But the finance chief stopped short of providing more details of the two partnerships to be formed.
He said since the Office for Attracting Strategic Enterprises was launched in 2022, about 50 key corporate partners had either settled in Hong Kong or expanded their businesses in the city, investing more than HK$40 billion and creating 13,000 jobs.
The city’s investment promotion agency, InvestHK, had also lured more than 600 companies to the city during the same period, Chan said.
He added he remained upbeat despite the lingering geopolitical pressure faced by Hong Kong as a result of tensions with the US and Europe that has led to trade tariffs against China.
“In 2023, some people kept saying and insisting about an outflow of funds. But we have seen a net inflow of funds,” he said.
Chan emphasised the government would take a more “proactive approach” and focus on developing Hong Kong’s innovation and technology sector, adding that there was now a more stable economic environment after the implementation of two national security laws.
