InvestHK explained

Invest Hong Kong is the department of the Hong Kong SAR Government responsible for Foreign Direct Investment, supporting overseas businesses to set up and expand in Hong Kong. Founded on 1 July 2000, its first Director General was Michael Rowse.

The Investment Officers are organized into nine specialist sector teams covering Hong Kong's four pillar industries and six new growth sectors: Business & Professional Services, Consumer Products, Creative Industries, Financial Services, FinTech, Information & Communications Technology, Innovation & Technology, Tourism & Transport, and hospitality, Infrastructure & Advanced Manufacturing.

Invest HK is headed by the Director-General of Investment Promotion who reports to the Secretary for Commerce and Economic Development.

Director-General of Investment Promotion

Alpha Lau

The current Director-General of Investment Promotion is Alpha Lau (Chinese: 劉凱旋).[1] Under Lau's leadership, the agency has focused on promoting Hong Kong as a location for corporate headquarters, family offices, and technology companies.[2] For the first half of 2024, InvestHK reported assisting over 300 companies in establishing or expanding operations in Hong Kong, with investments totaling approximately HK$38 billion.[3]

Stephen Phillips

The former Director-General of Investment Promotion was Stephen Phillips.[4] In August 2022, Phillips went to Australia and New Zealand to market Hong Kong's business attractions. In November 2022, despite the 0+3 restrictions for inbound travelers, Phillips said that "Hong Kong is well and truly back open for business."[5]

In March 2022, Phillips claimed that the National Security Law was not a big concern for companies while investing in Hong Kong.[6]

Events

Hong Kong FinTech Week

Hong Kong FinTech Week is an international fintech event, organized by Investhk; It is held in Hong Kong (and Shenzhen).[7]

Hong Kong FinTech Week brings together fintech communities from the East and the West that seek to expand their businesses to Hong Kong, mainland China and the Asia-Pacific region.[7]

Gay Games

In September 2023, SCMP reported that although Invest HK was a sponsor of the 2023 Gay Games, it had not provided support to the event.[8]

See also

Notes and References

  1. Web site: Senior appointments (with photos) . 2024-07-16 . www.info.gov.hk.
  2. Web site: US remains critical source of funds and start-ups for Hong Kong, head of InvestHK says . South China Morning Post . 2024-06-14 . 2024-07-16.
  3. Web site: 江麗盈 . 2024-07-02 . 投資推廣署上半年助322間企業在港開公司 帶來383億元投資額 . 2024-07-23 . 香港01 . zh-HK.
  4. Web site: Director-General of Investment Promotion visits Australia and New Zealand to promote Hong Kong's business opportunities . 2022-08-25 . info.gov.hk.
  5. Web site: Summit shows HK is open for business: InvestHK – RTHK . 2022-11-02 . news.rthk.hk . en-gb.
  6. Web site: NSL not a top concern for investors: InvestHK chief – RTHK . 2022-03-25 . news.rthk.hk . en-gb.
  7. Web site: Hong Kong Fintech Week to begin on November 4. 24 February 2023. Daily Mirror (Sri Lanka). 17 October 2019.
  8. Web site: 2023-10-02 . Are Hong Kong government agencies giving Gay Games the cold shoulder? . 2023-10-02 . South China Morning Post . en.