900 technology companies drawn to Hong Kong amid city’s innovation drive

About 900 technology companies this year chose to establish a foothold in Hong Kong amid efforts to transform the city into an innovation hub, with some business leaders urging authorities to introduce policies to help grow their respective fields.

The government said the Hong Kong Science Park, a tech hub in Pak Shek Kok, welcomed 400 companies over the past 12 months, a year-on-year increase of 18 per cent, with 20 per cent of the businesses coming from mainland China or overseas.