Companies expanding in Hong Kong up 4.3%

These are firms assisted by Invest Hong Kong.

Invest Hong Kong helped 391 companies set up or expand their businesses in Hong Kong last year, up 4.3% year-on-year. The companies come from 40 economies.

Mainland China leads the pack, with 82 Mainland companies investing here, followed by 59 firms from the US, 40 from the UK, 23 from France and 20 from Japan.

Acting Director-General of Investment Promotion Dr Jimmy Chiang said Hong Kong's favourable business environment continues to attract Mainland and overseas investors. "In the year ahead, we will continue to identify investors from key sectors and markets. Our targets include entrepreneur-led ventures and multinationals that plan to set up or expand in our city."

Dr Chiang added he is optimistic the annual target of assisting 400 companies will be met this year.