Latest batch of firms setting up in Hong Kong shrug off fears over Trump’s return
Another 17 companies agree to establish presence in city, with several saying their investments show their confidence in local economy
Several overseas and mainland Chinese technology companies set to open offices in Hong Kong have dismissed concerns the local economy could suffer under a second Trump presidency, saying they are confident about growth.
Seventeen more companies signed deals with the Office for Attracting Strategic Enterprises on Monday to establish a presence in Hong Kong, taking the total number to more than 60.
The companies cover an array of industries, including artificial intelligence and big data, life and health technology, fintech, advanced manufacturing and new energy technology, with 15 hailing from the mainland, one from the United States and the other from Europe.
“Hong Kong will be the ideal springboard for strategic enterprises to grow and thrive, and to expand their reach in the region and beyond,” Financial Secretary Paul Chan Mo-po said at the signing ceremony.
“On the other hand, their presence – your presence – together with the upstream, midstream or downstream partners you bring to work with us, enriches Hong Kong’s innovation and technology ecosystem.”
Some of the enterprises said they did not expect Donald Trump’s victory in the US presidential election would affect their investment and they expressed optimism over the city’s economic future.
