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Office for Attracting Strategic Enterprises

Office for Attracting Strategic Enterprises
The latest news and top stories on the Office for Attracting Strategic Enterprises. A prominent Hong Kong-based governmental body, the Office for Attracting Strategic Enterprises (OASES) is dedicated to proactively attracting strategic enterprises and investments to enhance the city’s competitiveness and accelerate industry development. Established in December 2022 and reporting to the Financial Secretary, OASES focuses on industries such as life and health technology, artificial intelligence and data science, financial technology and advanced manufacturing and new energy technology.
The government will help firms secure approvals from authorities, including bringing in expertise unavailable in the local market, the finance chief says. Photo: Karma Lo
Financial Secretary Paul Chan says he remains “cautiously optimistic” about export growth. Photo: Dickson Lee
Hong Kong economy

Hong Kong to close deals with firms from strategic sectors in months: Paul Chan

Finance chief says cross-departmental committee in ‘close discussions’ with several firms over setting up operations in city.

Hong Kong economy

Hong Kong ‘strategic adaptation ground’ for mainland tech giants: Paul Chan

Hong Kong economy

Hong Kong records 17% jump in investment led by purchases, construction

Hong Kong economy

Editorial | Influx of global firms underscores Hong Kong’s economic recovery

By serving as a ‘superconnector’ for Chinese and foreign capital, the city has sharpened its edge in landing strategic enterprises.

Pfizer, a leading global research‑based pharmaceutical and biotechnology company, is among the biggest names in the latest cohort of firms establishing a presence in Hong Kong. Photo: Reuters
Hong Kong economy

Which global firms are being attracted by Hong Kong’s strategic enterprise scheme?

The South China Morning Post examines 22 firms opening or expanding in the city, with HK$73 billion in investment and 25,000 jobs expected.

Hong Kong economy

New firms with up to HK$100 billion in market value to set up shop in Hong Kong

Finance chief says ‘strategic enterprises’ are in high-growth sectors, including life and health technology, low-altitude economy and AI, among others.

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Artificial intelligence

Surging demand for AI agents fuels Hong Kong’s race for computing power

Hong Kong currently has 5 ExaFLOPS of computing power, compared with 60 ExaFLOPS in Beijing and 120 ExaFLOPS in Shanghai.

The current Hong Kong administration has made significant strides in building up its AI infrastructure. Photo: Reuters
Hong Kong economy

Hong Kong ‘will deepen technology, industry links under nation’s blueprint’

Finance chief Paul Chan says Hong Kong must make better use of strengths as global financial hub to speed up industrial development.

Artificial intelligence

Arm China, RabbitPre among mainland Chinese firms expanding in Hong Kong

Arm China is among the fifth batch of companies brought to Hong Kong by OASES, which has so far drawn more than 102 firms.

Hong Kong economy

Digital IP protector from US among 18 firms expanding in Hong Kong under OASES

Vobile among 18 new strategic enterprises that OASES has brought to city.

Hong Kong has attracted more than 100 OASES enterprises with the latest additions. Photo: Nora Tam
Hong Kong economy

Tourism rebound driving retail recovery in Hong Kong, finance chief says

Paul Chan vows government will build on momentum with coming mega-events and work with different sectors to entice visitors to stay longer.

Financial Secretary Paul Chan strolls along Hollywood Road in the Mid-Levels during a recent “city walk.” Photo: Handout
Hong Kong economy

Hongkongers to enjoy ‘dividends’ of Northern Metropolis, John Lee promises

City leader stresses importance of using public funds to accelerate development of I&T, housing megaproject, citing 2001 case of science park.

John Lee policy address 2025

No need for Hong Kong to be ‘overgenerous’ to lure foreign firms: finance chief

Following on from policy address, Financial Secretary Paul Chan says guiding principle is to ensure the city remains competitive.

Hong Kong economy

Editorial | Hong Kong leader’s ambitious blueprint deftly picks up pace of reform

In the fourth year of his current five-year term, the chief executive delivered a policy address that stands out for its all-encompassing approach.

Chief Executive John Lee Ka-chiu attends a press conference to explain his latest policy address at the government’s headquarters in Tamar, Admiralty, on September 17. Photo: Nora Tam
Building Hong Kong’s future

OASES drives growth in Hong Kong’s innovation landscape by guiding tech companies into the city

Gotion and Westwell Technology get support from the Office for Attracting Strategic Enterprises as they expand to Hong Kong and beyond.

In partnership with:
OASES
Gotion and Westwell Technology, two mainland Chinese firms operating in the advanced manufacturing and new energy technology industry with facilities at the Hong Kong Science Park, have been supported by the Office for Attracting Strategic Enterprises throughout their growth journey in the city. Photo: Shutterstock
Hong Kong economy

Opinion | Will Hong Kong government’s more hands-on approach to development pay off?

As a number of economic initiatives mark significant anniversaries, it is worth looking back on the development strategy of a previous era.

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