The number of startups in Hong Kong has surged by nearly 50% over the last four years, reaching 4,694 in 2024, reflecting a thriving entrepreneurial environment.

In 2024, innovation and technology became the largest sector for completed projects in Hong Kong, with 120 new establishments reported by Invest Hong Kong.

As a global financial center, Hong Kong serves as a gateway to the broader Asian market, particularly for companies targeting Mainland China.

Additionally, Hong Kong International Airport stands out as the world's busiest air cargo airport, enhancing the city's connectivity to major regional markets.

The total number of companies with overseas or Mainland parent companies in Hong Kong has reached nearly 10,000, underscoring the city's strategic importance in the region.

Hong Kong has emerged as a pivotal hub for technology companies aiming to expand in Asia, with 539 new or expanded firms recorded in 2024, thanks to the support of Invest Hong Kong.

The city's competitive tax system, high quality of life, robust legal framework, and world-class infrastructure further reinforce its status as a global business center.

Ranked as the world's freest economy, Hong Kong excels in international trade and regulatory frameworks, fostering a business-friendly environment.

Its appeal is enhanced by strong academic institutions, favorable immigration policies, access to funding, and a diverse ecosystem that promotes innovation.

InvestHK plays a vital role in promoting the city, organizing events to showcase its advantages and providing facilitation services to businesses.

The Hong Kong government has invested over USD 25 billion in recent years to promote innovation and technology development, guided by the Hong Kong I&T Development Blueprint.

This blueprint outlines eight strategies aimed at enhancing the innovation and technology ecosystem, enlarging the talent pool, and promoting smart city development.

Continuous public initiatives and infrastructure improvements have attracted a growing number of tech businesses, creating a vibrant and dynamic ecosystem.