Investhk assists 322 companies in setting up in hong kong, bringing hk$38.3 billion to economy and creating 3,500 jobs - 43% year-on-year rise
Invest Hong Kong (InvestHK) today (July 2) announced that the department had assisted 322 Mainland and overseas companies to set up or expand their business in Hong Kong during the first six months of the year.
The number represents a year-on-year rise of 43 per cent. The total investment brought to Hong Kong's economy has reached HK$38.3 billion and created more than 3 500 job opportunities, up 6 per cent and 44 per cent respectively on a year-on-year basis.
The Director-General of Investment Promotion, Ms Alpha Lau, is delighted to see that the department's portfolio continues to grow. Ms Lau said, "I am glad to see the continuous growth of our portfolio. This is attributable to the gradual recovery of the global economy and the continuous support by our country, hence accelerating the pace of companies expanding their business to Hong Kong."
She added, "Hong Kong by many measures is the most sought-after global financial and business hub in Asia. For the second half of the year, we will continue to promote the city's strengths according to our targets. Financial services, innovation and technology and family offices are among some of the priority sectors. Geographically InvestHK will enhance our promotion drive in strategic markets, including the Association of Southeast Asian Nations economies and the Middle East and North Africa region, maximising Hong Kong's advantages as a 'super connector' and a 'super value-adder'."
2024 mid-year results: highlights
The 322 companies came from 33 economies. The Mainland continued to lead with 150 companies, followed by the United States (30), United Kingdom (19), Singapore (18) and France (15).
In terms of sectors, the portfolio covered a broad spectrum ranging from financial services and fintech (77), followed by innovation and technology (61), family office (52), business and professional services (33), and consumer products (29).
The portfolio included 47 companies along the Belt and Road economies (excluding those from Mainland China).
Invest Hong Kong reports good increase in number of companies assisted for first six months of year Source: HKSAR Government Press Releases
Special traffic arrangements in place in happy valley for race meeting today: road closures and diversions to manage crowds until dispersal
Special traffic arrangements will be implemented in Happy Valley today (July 4). The arrangements will last until the crowds have dispersed after the race meeting.
A. Traffic arrangements before the commencement of the first race
The following road closure and traffic diversions will be implemented from 6pm onwards:
1. Road closure
Southbound Wong Nai Chung Road between Queen's Road East and the slip road leading to Aberdeen Tunnel will be closed, except for vehicles heading for Aberdeen Tunnel.
2. Traffic diversions
- Southbound Wong Nai Chung Road between Village Road and the slip road leading to Aberdeen Tunnel will be re-routed one way northbound;
- Traffic along eastbound Queen's Road East heading for Wan Chai and Happy Valley will be diverted to turn left to Morrison Hill Road;
- Traffic along southbound Morrison Hill Road heading for Happy Valley will be diverted via Sports Road and Wong Nai Chung Road;
- Traffic along Queen's Road East cannot turn right to Wong Nai Chung Road, except for vehicles heading for Aberdeen Tunnel;
- Traffic from Cross Harbour Tunnel heading for Queen's Road East will be diverted via the down-ramp leading from southbound Canal Road flyover to Morrison Hill Road to turn right at the junction of Wong Nai Chung Road and Queen's Road East; and
- Traffic from Cross Harbour Tunnel heading for Happy Valley or Racecourse will be diverted via the down-ramp leading from southbound Canal Road flyover to Canal Road East, southbound Morrison Hill Road, Sports Road and Wong Nai Chung Road.
B. Traffic arrangements before the conclusion of race meeting
The following road closure and traffic diversions will be implemented from about 35 minutes before the start of the last race:
1. Road closure
- The slip road connecting Wong Nai Chung Road and Aberdeen Tunnel;
- Southbound Wong Nai Chung Road between Queen's Road East and the slip road connecting Wong Nai Chung Road and Aberdeen Tunnel;
- Southbound Wong Nai Chung Road between Village Road and Parsee Cemetery;
- Westbound Leighton Road between Wong Nai Chung Road and Canal Road East; and
- Southbound Morrison Hill Road between Leighton Road and Queen's Road East.
In addition, southbound Wong Nai Chung Road between the up-ramp leading to Aberdeen Tunnel and the Public Stands of Hong Kong Jockey Club will be closed from about 10 minutes before the start of the last race.
2. Traffic diversions
- Eastbound Queen's Road East at its junction with Morrison Hill Road will be reduced to one-lane traffic heading for northbound Canal Road flyover;
- Traffic from Cross Harbour Tunnel heading for Wan Chai will be diverted via the down-ramp leading from southbound Canal Road flyover to Canal Road East, U-turn slip road beneath Canal Road flyover, Canal Road West and Hennessy Road;
- Traffic from Cross Harbour Tunnel heading for Happy Valley will be diverted via the down-ramp leading from southbound Canal Road flyover to Canal Road East, eastbound Leighton Road and Wong Nai Chung Road;
- Traffic along southbound Morrison Hill Road will be diverted to turn left to eastbound Leighton Road;
- Traffic along southbound Morrison Hill Road heading for Happy Valley will be diverted via eastbound Leighton Road and Wong Nai Chung Road; and
- Traffic along westbound Leighton Road will be diverted to Wong Nai Chung Road.
C. Learner drivers prohibition
Learner drivers will be prohibited to turn left from Caroline Hill Road to Leighton Road between one and a half hours before the start of the first race and one hour after the last race. In addition, learner drivers will be prohibited from accessing the following roads within the above period of time:
- Shan Kwong Road between Yik Yam Street and Wong Nai Chung Road;
- Village Road between its upper and lower junctions with Shan Kwong Road;
- Percival Street between Hennessy Road and Leighton Road;
- Canal Road East; and
- The service road leading from Gloucester Road to Canal Road flyover.
D. Suspension of parking spaces
Parking spaces on southbound Wong Nai Chung Road between Sports Road and Blue Pool Road will be suspended from 11am to 7pm during day racing, from 4.30pm to 11.59pm during evening racing, and from 5pm to 11.59pm during night racing.
Any vehicles found illegally parked within the precincts of the above affected areas will be towed away without prior notice.
Actual implementation of road closure and traffic diversion will be made by the Police at the time depending on traffic conditions in the areas. Motorists should exercise tolerance and patience, and follow the instructions of Police on site.
Source: AI-generated images
