Invest Hong Kong helped 375 overseas and Mainland companies to set up or expand their businesses in Hong Kong last year, up 5.6% year-on-year, setting a new record.
Those 375 completed projects came from 36 economies, with the Mainland continuing to lead with a total of 78 projects, followed by the US with 49, the UK with 36, Japan with 31, and France with 20.
For the first time InvestHK helped two companies from Latvia and the Seychelles to set up in Hong Kong.
In terms of emerging subsectors, there was a growing number of companies in the IOT (Internet of Things) and FinTech (financial technology) industries set up in Hong Kong last year.
Director-General of Investment Promotion Dr Simon Galpin said that despite ongoing challenges in the global economy, Hong Kong continues to attract overseas and Mainland investors because of its enduring advantages and emerging business opportunities.
He noted that InvestHK will continue to reach out to potential clients, particularly in priority markets including the Mainland and those in the Association of Southeast Asian Nations, adding that he is optimistic of meeting the annual target of assisting 390 companies this year.
