Over 25 tech firms coming to Hong Kong: Paul Chan
Financial Secretary Paul Chan said on Sunday that authorities have made considerable progress in luring IT firms to the city.  Writing on his official blog, Chan said of the over 200 firms that the current term of government has already reached out to, more than 25 of them either already have, or are preparing to set up or expand their operations in the SAR.  He said these companies are together expected to invest over HK$17 billion in the initial stage, adding that they will create over 4,000 jobs in the city, mainly in scientific research or management positions. The financial chief said the companies include the mainland-based Biren Technology, Horizon Robotics, and retail platform Dmall. “Technology leader Huawei, e-commerce giants such as Meituan and JD.com, are also actively expanding their operations and developing new businesses in Hong Kong,” he added. "We are currently in in-depth talks with several mainland and overseas key enterprises. We believe that more of these enterprises will begin operations in Hong Kong in the second half of the year.” Chan stressed Hong Kong will continue to leverage its strengths, explore new possibilities, and do more to contribute to the development of the country.