Several Chinese technology companies abroad and on the mainland looking to open offices in Hong Kong have dismissed concerns that the local economy could suffer under a second Trump presidency, saying they are confident of growth.
Another 17 companies signed agreements with the Office for Attracting Strategic Enterprises to set up shop in Hong Kong on Monday, bringing the total to more than 60.
The companies cover a range of industries including artificial intelligence and big data, life and health technology, fintech, advanced manufacturing and new energy technology, with fifteen from the continent, one from the United States and the other from Europe.
“Hong Kong will be the ideal springboard for strategic enterprises to grow and prosper, and expand their reach in the region and beyond,” Finance Minister Paul Chan Mo-po said at the signing ceremony.
“On the other hand, their presence – your presence – together with the upstream, midstream or downstream partners you bring to work with us, enriches Hong Kong’s innovation and technology ecosystem.”
Some businesses said they did not expect Donald Trump’s victory in the US presidential election to affect their investments and were optimistic about the city’s economic future.
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