Hong Kong's Financial Services and the Treasury Bureau announced the inaugural Global Business Summit, held alongside the Asian Financial Forum, bringing together more than 3,500 global leaders to discuss how finance can support business development and cross-sector industrial upgrading. The event, co-organised with the Office for Attracting Strategic Enterprises and the Hong Kong Trade Development Council, focused on market trends and collaboration opportunities across life and health technology, artificial intelligence, robotics, new energy and fintech, including how Hong Kong’s financial and trading strengths can support Chinese Mainland companies expanding internationally and attract international capital. Financial Secretary Paul Chan highlighted trade, finance and innovation and technology as the principal drivers of economic growth and said tailored incentive packages including land grants, premium concessions, tax incentives and other facilitation measures would be prepared to attract technology enterprises to establish in the Northern Metropolis; the Office for Attracting Strategic Enterprises said it has already attracted more than 100 strategic enterprises expected to invest around HKD 60 billion and create more than 22,000 jobs. Looking ahead, the Office for Attracting Strategic Enterprises said it will continue aligning its work with the National 15th Five-Year Plan, with ongoing efforts to attract technology enterprises across areas including AI and data science, fintech, life and health technology, advanced manufacturing, new energy technology, and cultural and creative technology.

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