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FS visits biomedical firm in UK

Financial Secretary Paul Chan yesterday visited a biopharmaceutical company and the Royal College of Art, and attended a lunch hosted by the China-Britain Business Council, as part of his ongoing trip to London.   Mr Chan visited AstraZeneca and met the company’s senior management to learn about its drug research and development activities, as well as its latest expansion plans.   AstraZeneca indicated that following in-depth talks with Hong Kong’s Office for Attracting Strategic Enterprises, it plans to develop a research and development centre in Hong Kong and will engage in further discussion with relevant government departments on the matter.   The Financial Secretary then attended a roundtable luncheon held by the China-Britain Business Council, and met representatives of British enterprises that do business, or plan to do business, either in the Mainland or Hong Kong.   Mr Chan later visited the Royal College of Art, which collaborated with the Hong Kong Polytechnic Unive
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Survey on non-HK firms released

The number of businesses in Hong Kong with parent companies located outside the city stands at 8,978 in 2022, according to an annual survey released by Invest Hong Kong and the Census & Statistics Department today.   Of the 8,978 companies, 1,411 operate as regional headquarters, 2,397 as regional offices and 5,170 as local offices.   In terms of where these companies came from, the Mainland ranked first with 2,114 companies, followed by Japan with 1,388, the US with 1,258, the UK with 655 and Singapore with 463.   By sector, import and export trade, wholesale and retail topped the list with 4,170 companies, followed by financing and banking with 1,683 and professional, business and education services with 1,308.   In terms of jobs, the number of people engaged by these companies was about 468,000 in 2022.
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