Hong Kong Investment Promotion Agency: Companies from South America and Middle East interested in setting up in Hong Kong, will increase promotion efforts.

The Hong Kong Investment Promotion Bureau will assist 560 overseas and mainland companies to settle in Hong Kong by 2025, reaching a new high, with nearly half of them being overseas companies. Assistant Director of the Investment Promotion Bureau, Liu Zhiyuan, said that in addition to traditional European, American, and Asian markets, companies from South America and the Middle East are also interested in coming to Hong Kong. In the future, efforts will be increased to attract potential overseas companies to set up in Hong Kong. Liu Zhiyuan pointed out that currently, overseas companies are still mainly from the United States, United Kingdom, Japan, Canada, and Singapore. They choose to settle in Hong Kong not only because of its convenient location for them to explore the Asian market, but also because of the advantages provided by the "Closer Economic Partnership Arrangement between Hong Kong and Mainland China" (CEPA), which benefits companies entering the Greater Bay Area and even the entire Chinese market. Liu Zhiyuan stated that Hong Kong's attractiveness is expanding, with companies from South America and the Middle East also expressing interest in coming to Hong Kong. Considering Hong Kong's role as an international financial center, it can provide financial services for companies and also has advantages in entering the mainland market. Furthermore, after the conflicts in the Middle East, more companies from the region are interested in coming to Hong Kong due to its stability.