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Strategic Enterprise in Hong Kong

Hot 2Viewed 151 times6-3-2023 12:30 AM |Personal category:Business

Strategic Enterprise is a key pillar of 香港策略性企业. It plays a crucial role in enhancing the city's competitiveness, serving as an important gateway connecting Mainland China with global markets and offering abundant opportunities for enterprises and talents to develop their careers.

As one of the most competitive economies in the world, Hong Kong has always been an attractive destination for Mainland and overseas investment and talent. The Chief Executive's 2022 Policy Address announced an array of new initiatives to attract enterprises, investment and talent to strengthen the city’s competitiveness and promote its economy further.

The largest community of multinational firms in Asia is based in Hong Kong, with over 2,000 foreign companies maintaining regional headquarters or offices in the territory. They come from a wide variety of industries, including finance, technology, energy, consumer goods, and manufacturing.

In addition to the large number of foreign companies, local companies also maintain a strong presence in the territory. They are able to leverage their deep-rooted local familiarity with the needs of international business, and they can easily recruit expatriate professionals from outside Hong Kong who are accustomed to working dispersedly in different locations.

Overseas firms have also come to Hong Kong for business and investment purposes, and they have a significant presence in the professional services sector, especially those that provide management-style services. They bring with them American-style managerial techniques and a pool of seasoned expatriate professionals.

The government of Hong Kong has evolved a distinctive policy philosophy that is different from that of other economies in the region. It does not intervene extensively in the economy, but it does tend to regulate in a comparatively light manner and is more focused on maintaining an open trading environment and allowing companies to compete for capital and market share free from state interference.

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