politics
Hong Kong Attracts HK$26 Billion in Investment from Over 310 Firms
More than 310 enterprises from mainland China and abroad established or expanded operations in Hong Kong by early May, bringing in over HK$26 billion in capital during the first year of operation.
May 17, 2:38 AM·1m read1 source
South China Morning PostAudio version
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More than 310 enterprises from mainland China and abroad have established or expanded operations in Hong Kong by early May, bringing in more than HK$26 billion (US$3.3 billion) in capital in the first year of operation, according to the government agency tasked with attracting foreign investment.
InvestHK director general Alpha Lau Hai-suen said Hong Kong must proactively adapt to the changing international order and seize opportunities. Speaking in a radio interview on Sunday, she said the market generally expected Sino-US relations to stabilise for a while before a potential visit by Chinese President Xi Jinping to the United States in September.
"The days of the US looking at China simply as a cheap manufacturing hub – or the world must cater to the American market – are over. That shift started more than a year ago, and there’s no going back," she said. "The global community has widened its perspective.
" The Xi-Trump summit that concluded in Beijing last week resulted in an agreement to establish a "constructive Sino-US relationship with strategic stability". Lau said the ongoing Middle East war also offered opportunities for Hong Kong.
