Hong Kong’s Financial Secretary Paul Chan Mo-po announced the initiation of the second batch of around 20 strategic enterprises setting up or expanding in Hong Kong this week, following a first batch of 30 companies. This move represents a combined investment of HKD40bn (USD5.1bn) and is expected to generate approximately 130,000 jobs, mainly in research and management, enhancing the city’s innovation and technology ecosystem. Notable companies from previous announcements include AstraZeneca, Huawei, Meituan, JD.com, and Lenovo, contributing to the city’s strategic push to attract significant foreign and mainland investment. Established in December 2022, the Office for Attracting Strategic Enterprises aims to lure businesses with specialised facilities and services.