Hong Kong has positioned itself as a leading center for innovation and technology (I&T), providing businesses with a gateway to unparalleled opportunities in Asia and beyond. The Office for Attracting Strategic Enterprises (OASES) was established to lead Hong Kong’s efforts to attract strategic enterprises with potential in I&T. With its mission to strengthen the city’s position as a global I&T hub, OASES serves as an important catalyst in Hong Kong’s broader strategy to improve its competitiveness in the innovation economy. This goal aligns well with the key priorities outlined in the Chief Executive’s Policy Address 2025, which lays the foundation for the city’s future growth in I&T industries.
Hong Kong’s I&T policy aims to foster an environment where businesses can thrive, and OASES plays an important role in making this vision a reality. By actively targeting and connecting with global businesses, OASES ensures that Hong Kong remains at the forefront of technology innovation in Asia.
Support for strategic businesses
OASES provides comprehensive, one-stop services to help innovative businesses from five key I&T industries establish a presence in Hong Kong and expand across regional and global markets. Industries include:
- Life and health technology
- Artificial intelligence and data science
- Fintech
- Advanced manufacturing and new energy technologies
- Cultural and creative technology
Since its inception, OASES has provided complementary support to companies, ensuring a seamless transition into the Hong Kong business environment. Its services include regulatory guidance, business registration, access to capital and financing, stakeholder engagement, land acquisition, tax and financial solutions, visa arrangements, and education planning. These services are designed to facilitate the smooth entry and long-term growth of the city, making it an attractive proposition for businesses seeking access to the booming Asia-Pacific market and beyond.
OASES is active
OASES’ contributions are reflected in the success stories of several strategic businesses that have chosen Hong Kong as their base for innovation and expansion. These companies, attracted by the city’s business-friendly policies and supportive infrastructure, have thrived in their respective industries.
One outstanding success story Keeta, an international subsidiary under Meituan, has benefited from the strategic support of OASES. By establishing an operating team in Hong Kong as its first step in global expansion, Keeta successfully adapted to the local food delivery market, built a viable business model, and contributed greatly to the growth of Hong Kong’s food delivery industry. This model was later used to expand into overseas markets, including the Middle East and Brazil. Keeta’s expansion into all regions underscores Hong Kong’s strength as a base for companies seeking global success.
Another example is CATL. As one of the world’s largest EV battery manufacturers, CATL has established its international headquarters, intellectual property, and R&D center in Hong Kong. The company is investing more than HK$1.2 billion (US$154 million) in research and development, contributing to Hong Kong’s ambition to achieve carbon neutrality by 2050. CATL’s decision to make Hong Kong its base for sustainable technology innovation further strengthens the city’s role in driving the future of green energy.
It is worth mentioning that HollySys, a leading provider of intelligence solutions, is also an example of the success of OASES support. The company used the Advanced Signaling System and Master Control System of Hong Kong’s MTR (High Speed Rail), achieving good engineering by integrating its products with high international standards. The integration of HollySys’ advanced technology has enabled the company to expand into global markets while ensuring the safety and efficiency of Hong Kong’s transportation system, key factors that reinforce the city’s reputation as an engineering powerhouse.
Why choose Hong Kong?
Hong Kong’s unique advantages, such as its strategic location, business-friendly environment, access to international markets, and strong I&T infrastructure, make it a good choice for companies looking to establish or expand their presence in Asia and beyond. OASES is an important part of this ecosystem, providing the right support to help businesses cope with the challenges of the business environment.
With its strong focus on promoting innovation and technology, Hong Kong not only attracts strategic global businesses but also supports them in their pursuit of long-term success.
If your business is considering expanding to Hong Kong, OASES is ready to provide the support you need for a smooth and successful transition.
Contact OASES today to explore how your business can benefit from Hong Kong’s innovative ecosystem and global connectivity.
