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Hong Kong's finance chief announced that 17 new companies will establish offices in the city, part of a government initiative to enhance the innovation and technology sector. This move is expected to attract significant investment and create thousands of job opportunities, with a focus on industries like artificial intelligence and fintech. Financial Secretary Paul Chan emphasized the importance of preparing for global economic impacts, particularly in light of the recent US presidential election.
The initiative, led by the Office for Attracting Strategic Enterprises (OASES), aims to position Hong Kong as a key international hub for technology and innovation. With over 60 firms now involved, the expected investment of HK$42 billion highlights the city's potential as a business-friendly environment. Chan's insights reflect a broader strategy to revitalize the economy following challenges faced during the pandemic.
• Seventeen new companies will establish offices in Hong Kong's I&T sector.
• Expected investment of HK$42 billion to create over 17,000 jobs.
The sector focuses on advancements in technology, including AI and fintech, to drive economic growth.
AI technologies are among the specializations of the new companies setting up in Hong Kong.
Fintech companies are part of the new wave of firms expected to enhance Hong Kong's economic landscape.
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