New firms with up to HK$100 billion market value to set up shop in Hong Kong

Hong Kong is expected to announce the arrival of new "strategic enterprises" on Monday. According to Financial Secretary Paul Chan Mo-po, these firms, some with market capitalizations reaching HK$100 billion, will establish a presence in the city. The companies operate in high-growth sectors, including life and health technology, the low-altitude economy, artificial intelligence, new energy materials, and fintech. The move aims to strengthen Hong Kong's position in international medical research and development, particularly within the life and health technology sector, where some firms are considered global leaders and plan to conduct clinical research in the city. The initiative seeks to bolster Hong Kong's economy by attracting innovative and high-value businesses.