The government's investment promotion agency and its office to attract strategic firms to the city on Wednesday said it had lured 45 companies in the life sciences and health technology sector to set up, or expand their businesses in the SAR since the end of 2022. InvestHK said these companies, the majority of which were based on the mainland, had invested a total of HK$6.5 billion into the city, creating around 3,200 jobs. Speaking at a media briefing, Maggie Lo, from the Office for Attracting Strategic Enterprises, said these firms, including pharmaceutical giant AstraZeneca, were impressed by the level of support available in Hong Kong. "When we approach overseas companies and when we introduce our initiatives and opportunities, they were pleasantly surprised that the Hong Kong government has catered funding incentives to support every stage of their development — from basic research, clinical trials, manufacturing to sales and marketing," she explained. Lo added officials would continue to encourage international enterprises to expand their businesses in Hong Kong.
