Hong Kong Welcomes 20 More Companies, 13,000+ Jobs in Latest Business Expansion Push

About 20 more major companies will open offices or expand operations in Hong Kong this week, investing over HK$40 billion and creating 13,000+ jobs.

Financial Secretary Paul Chan said these companies will help attract more firms to Hong Kong's innovation and technology ecosystem.

Exports to traditional major markets like the US and EU have dropped over the past 2 decades, while exports to ASEAN countries have grown.

Hong Kong aims to become a one-stop shop for services like supply chain management and trade financing to support companies expanding internationally.

The city plans to launch the mBridge platform this year to enable cross-border transactions using central bank digital currencies.