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Budget Speech

Attract Enterprises

Office for Attracting Strategic Enterprises

64. With a new mindset to proactively reach out, we have established the Office for Attracting Strategic Enterprises (OASES), the Advisory Committee on Attracting Strategic Enterprises and the Dedicated Teams for Attracting Businesses and Talents, with the purpose of attracting representative and high potential strategic enterprises from around the globe, thereby enhancing our competitiveness and accelerating the development of industries.  Since its establishment at the end of last year, OASES has already contacted quite a number of strategic enterprises.  It is actively following up on these cases, assisting these enterprises in establishing or expanding their business in Hong Kong.

Attracting Overseas Companies to Re-domicile in Hong Kong

65. Hong Kong has enjoyed the competitive edge as a hub for multinational enterprises and as a headquarters economy.  To further explore market opportunities, we will introduce a mechanism to provide facilitation for companies domiciled overseas, particularly enterprises with a business focus in the Asia‑Pacific region, for re‑domiciliation to Hong Kong, so that these companies may utilise our favourable business environment and professional services.  We will conduct consultation and submit legislative proposals in 2023‑24.

Hong Kong Investment Corporation Limited

66. In his 2022 Policy Address, the Chief Executive proposed to establish the Hong Kong Investment Corporation Limited (HKIC) to optimise the use of fiscal reserves for promoting the development of the economy and industries.  The HKIC enhances our ability to attract enterprises and investment, and facilitates industrial co-operation between Hong Kong and our sister cities in the GBA.  The HKIC has commenced operation and is identifying quality partners to make strategic investments in a timely manner.



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