Greater Bay Area

Hong Kong's multiple advantages attract global enterprise clusters

2026-02-03   

The latest data from the Hong Kong Special Administrative Region government shows that by 2025, the number of parent companies' overseas and mainland Chinese companies stationed in Hong Kong will reach 11070, and the number of Hong Kong startups will increase to 5221, both of which have broken historical records. Several interviewees believe that Hong Kong, with its multiple advantages, has become an important choice for global enterprises to invest and develop.
The core competitiveness of Hong Kong is mainly reflected in the two-way platform value of "internal and external communication". The construction of the Guangdong Hong Kong Macao Greater Bay Area is advancing in depth, and the integration and development between Hong Kong and mainland cities in the Greater Bay Area is constantly deepening and solidifying. A group of high-quality mainland enterprises have set up their presence in Hong Kong.
Shenzhen Qianhai WeBank Co., Ltd. has established its technology company headquarters in Hong Kong, and its subsidiary WeBank Technology Co., Ltd., as the first overseas technology company of a mainland bank, has officially settled in Hong Kong. Chen Jing, general manager of Weizhong Technology Co., Ltd., said that relying on the platform advantages of Hong Kong, Weizhong Technology has reached cooperation with more than 35 enterprises in 11 countries and regions under the the Belt and Road Initiative.  
Overseas companies are also optimistic about the dual gateway value of Hong Kong. Ho Chun tung, Director of the Hong Kong Indonesia Chamber of Commerce, stated that Hong Kong's mature international judicial system has become an important support for Indonesian companies to connect with mainland and global resources. Relevant companies are steadily expanding their presence in Hong Kong from traditional trade and finance fields to emerging tracks such as green technology and digital assets.
The Director General of Invest Hong Kong, Liu Kaixuan, pointed out that a stable and predictable business environment, a comprehensive legal and financial professional service system, and a unique location advantage of "relying on the motherland and connecting the world" jointly lay a solid foundation for the implementation of the two-way investment strategy. The continuous increase in the number of enterprises stationed in Hong Kong is a vote of confidence that domestic and foreign enterprises have cast for the development environment of Hong Kong through practical actions.
While mature enterprises continue to gather, the rapid growth of Hong Kong startups reflects the solid achievements of the construction of an international innovation and technology center. The Special Administrative Region government relies on the "Innovation and Technology Fund" to launch multiple billion dollar policy measures such as the "Industry University Research 1+Plan" and the New Industry Acceleration Plan. At the same time, it collaborates with various forces of "government industry university research" to provide full process support for start-up enterprises from incubation to large-scale development.
Chen Zuheng, Chairman of the Hong Kong Productivity Council (referred to as the "Productivity Council"), mentioned that the SAR government actively promotes the construction of Xintian Science and Technology City and Hetao Hong Kong Park, integrates upstream, midstream and downstream technology industry resources, and consolidates the industrial foundation of innovative and technological development. As an important service platform, the Productivity Bureau provides comprehensive services such as technical support, international standard and application scenario docking, and international talent cultivation for overseas enterprises.
This comprehensive ecological support is vividly reflected in the entrepreneurial journey of startup founder Lu Yang. As an entrepreneur who has developed in Hong Kong through the Hong Kong Talent Program, he is preparing to establish Eastelligence, a startup in the AI field, in 2024. He stated that Hong Kong's two-way ability to conveniently connect with overseas markets and efficiently link with mainland resources is an important confidence for Hong Kong startups to participate in global competition.
When it comes to the current situation where the number of startups in Hong Kong has reached a new high, Lu Yang believes that with the continuous promotion of innovation and technology policies in the Greater Bay Area, the continuous improvement of the entrepreneurial support system, and the addition of more outstanding talents, Hong Kong's entrepreneurial ecosystem is presenting unique competitiveness and diversity. The current stable policy environment, comprehensive entrepreneurial support system, and abundant international resources in Hong Kong provide valuable opportunities for startups that focus on long-term value and are willing to delve deeper into technology and markets to quickly validate and develop.

Edit:He Chuanning Responsible editor:Su Suiyue

Source:ChinaNews

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