Hong Kong Attracts HK$26 Billion in Investment from Over 310 Firms

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.