More drug, semiconductor firms eyeing Hong Kong for expansion, OASES head says

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Hong Kong expects 10 to 20 additional companies to establish or expand operations in the city, including major drug makers and a semiconductor business. The incoming firms are expected to be split roughly equally between mainland Chinese and overseas companies, according to OASES director general Peter Yan King-shun.

Ten to 20 more companies are set to establish or expand operations in Hong Kong, including leading drug makers and a semiconductor business, with a roughly equal number of mainland Chinese and overseas firms, the head of a government investment office has said. Peter Yan King-shun, director general of the Office for Attracting Strategic Enterprises (OASES), a government body under the Financial Secretary’s Office, offered a preview of the developments on Sunday, with details of the next batch of...