Business · 2026-10-18 · Morning briefing
Drug and chip makers among firms expanding in Hong Kong
Between ten and 20 companies, including leading drug makers and a semiconductor business, are set to establish or expand their operations in Hong Kong. The information was provided by Peter Yan King-shun, director general of the government's Office for Attracting Strategic Enterprises (OASES), who confirmed the group is a roughly equal mix of mainland Chinese and overseas firms.
Mr. Yan offered a preview of the developments on Sunday, with a formal announcement detailing the specific companies scheduled for this Thursday. The OASES office, a government body operating under the Financial Secretary’s Office, was created with the express purpose of bringing such key industries and companies to establish a presence in the territory.
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