Hong Kong Commerce and Economic Council: The total number of local companies and non-Hong Kong companies registered under the Companies Ordinance as of the end of September reached a record high

The Zhitong Finance App learned that at the Hong Kong Legislative Council meeting today (22nd), the Acting Secretary for Commerce and Economic Development of Hong Kong, Chen Baili, replied in writing that by the end of September this year, the total number of local and non-Hong Kong companies registered under the Companies Ordinance had reached 1,519,103 and 15,614 respectively. Both figures reached record highs.

Chen Baili said that according to an annual survey conducted jointly by the Hong Kong Investment Promotion Department and the Census and Statistics Department, the total number of companies with parent companies outside Hong Kong in Hong Kong reached 9,960 in 2024, which is also a record high. These include 1,410 regional headquarters, 2,410 regional offices, and 6140 local offices. According to source analysis, the top 5 are mainland China (2,620), Japan (1,430), the United States (1,390), the United Kingdom (720), and Singapore (520). According to the analysis of the main business areas in Hong Kong, the top 5 are import and export trade, wholesale and retail (4730 units), finance and banking (2020), professional, commercial and educational services (1,530 units), transportation, warehousing and courier services (730 units), and information technology services (500 units).

Chen Bai-li added that between 2023 and September this year, the Hong Kong Investment Promotion Department has assisted more than 1,400 mainland Chinese and overseas enterprises to set up or expand their business in Hong Kong, which is expected to bring in about HK$1940 billion in direct investment and create more than 20,000 jobs. It also prematurely completes the performance targets set out in the 2022 Policy Address (which requires attracting at least 1,130 enterprises to set up or expand their business in Hong Kong from 2023 to 2025, thereby bringing in no less than HK$77 billion in direct investment and creating no less than 15,250 jobs).