Hong Kong SAR records record number of new company registrations: chief executive

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

HONG KONG, Aug. 10 (Xinhua) — The total number of local companies registered in Hong Kong exceeded 1.5 million by the end of July, while the number of companies from other regions that chose Hong Kong to conduct their business activities was more than 15,000, both reaching historical highs, Hong Kong Special Administrative Region (SAR) Chief Executive Lee Jiachao said Sunday.

From January 2023 to July 2025, the local investment promotion office helped 1,333 companies set up or expand their businesses in Hong Kong, attracting HK$174 billion (US$22.17 billion) in direct investment in the first year of operation and creating more than 19,000 new jobs, Li Jiachao said in a video message posted on social media on Sunday.

Li Jiachao also stressed the function and advantages of Hong Kong as a dual platform, which can, on the one hand, attract foreign investment to develop Hong Kong businesses and enter the Chinese mainland market, and, on the other hand, help companies in the mainland enter international markets.

Hong Kong continues to attract leading international and national companies to set up and expand their businesses in the region, boosting the local economy and creating new jobs, he said.

In the future, the HKSAR government will continue to work together to develop promising emerging markets to expand business opportunities for Hong Kong and mainland companies, balance their investment portfolios, and counter geopolitical challenges, Li concluded. –0–

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