LCQ17: Fire service and firefighting equipment for fires in high-rise buildings

Source: Hong Kong Government special administrative region

     Following is a question by Dr the Hon Johnny Ng and a written reply by the Secretary for Security, Mr Tang Ping-keung, in the Legislative Council today (January 28):
 
Question:

     The fire at Wang Fuk Court in Tai Po resulted in serious casualties, prompting public concern over whether existing fire service facilities and firefighting equipment are adequate to tackle fires in high-rise buildings. In this connection, will the Government inform this Council:
 
(1) whether it has assessed the adequacy of existing firefighting equipment of the Hong Kong Fire Services Department (FSD) for tackling No. 5 alarm fires and fires in high-rise buildings, and of the respective types and quantities of such equipment;
 
(2) given that during the debate on “Motion on support and rebuilding work after the fire at Wang Fuk Court in Tai Po” in this Council on the 14th of this month, the Government indicated that it was conducting a comprehensive review of the provision of personal equipment of fire personnel and other fire service equipment, with a view to enhancing rescue efficiency through new technologies, of the specific measures and timetable of the work concerned; whether the authorities will consider increasing funding for the FSD’s acquisition of more technological equipment to respond to large-scale fires and other disasters; and
 
(3) given the view that, as FSD’s Aerial Ladder Platforms and Turntable Ladders struggle to reach higher floors, the tackling of fires in high-rise buildings should primarily rely on internal fire service equipment, supplemented by external disaster relief, and that internal firefighting equipment and evacuation facilities (including fire alarm systems, automatic firefighting equipment, manual firefighting equipment, planning of fire and smoke compartmentation and escape and refuge facilities) become even more crucial, how the authorities will enhance the specifications and requirements for fire prevention and disaster prevention equipment in high-rise buildings, and strengthen inspections and prosecutions?
 
Reply:
 
President,
 
     The fire at Wang Fuk Court in Tai Po has left us with painful lessons. The Government immediately established the Task Force on Strengthening Fire Safety Governance (Task Force) in the wake of the fire, with the aim of preventing any recurrence of similar tragic events. The Task Force has implemented targeted immediate measures and formulated medium to long-term initiatives, including a comprehensive review of the deployment of the fire service equipment, and the effective use of technology to enhance fire safety. Meanwhile, the Fire Services Department (FSD) has set up a steering committee to conduct comprehensive review of major fire incidents, encompassing aspects such as the command regime, firefighting and rescue strategies, personnel gears, appliances and tools, applications of technology, and fire service installations and equipment in buildings, etc, with a view to continuously enhancing response mechanisms at both operational and systemic levels. 
(1) The FSD currently has about 700 operational fire appliances, including Hydraulic Platforms, Major Pumps, Light Rescue Units and Turntable Ladders, as well as other supporting vehicles, over 500 ambulances and 32 fire vessels, distributed among 86 fire stations, 45 ambulance depots, 4 fireboat stations, 2 fireboat bases, 2 sea rescue berths and 2 diving bases. Every type of fire appliance is fitted with different types of firefighting and rescue tools and equipment to respond to various building fires and special service incidents. The FSD also has four specialised teams provided with special appliances and equipment that can be dispatched to the scene to provide support based on different situations. The four specialised teams are Compartment Fire Behaviour Specialist Team, HazMat Team, Disaster Response and Rescue Team and High Angle Rescue Team. 
     In general, the FSD dispatches fire appliances, personnel and various types of equipment to attend fire incidents in accordance with the pre-determined attendance (PDA) of a fire incident. For example, the FSD will deploy 26 fire appliances and ambulances under the PDA for a No. 5 alarm fire. In the fire incident at Wang Fuk Court, following an assessment of the situation at the fire scene, 221 firefighting vehicles were dispatched, equivalent to nine times the PDA for a No. 5 alarm fire. This demonstrated that there were sufficient personnel and equipment on site to handle the incident. 
     Regarding personal equipment for fire personnel, the FSD introduced a new breathing apparatus in January this year. These new units are equipped with communication assistive devices that provide a short-range communication system and in-mask audio reception, improving communication clarity at fire scenes and strengthening team co-ordination. The new breathing apparatus also feature quick-release connectors, enabling faster replacement of compressed air cylinders and improving operational efficiency. In addition, they are equipped with a built-in air-sharing system, allowing team members to rapidly supply air to colleagues in need on the fire grounds without requiring additional tools, thus strengthening rescue capability.
 
     Meanwhile, the FSD is studying the introduction of an electronic entry control board system to assist Entry Control Officers in managing the records of breathing apparatus teams entering and exiting the fire grounds more effectively. The system will digitise records and enhance data accuracy. Furthermore, the electronic control board will display real-time operational data of the breathing apparatus, enabling Entry Control Officers to monitor team status at all times, thereby further safeguarding frontline personnel and enhancing overall operational efficiency. The relevant operational data will be stored for use in post-incident analysis.
 
     In terms of drone applications in fire incidents, the FSD’s Unmanned Aircraft System (UAS) Team currently deploys drones equipped with live-streaming and thermal imaging capabilities to analyse the fire scene situation. These drones are supplemented by artificial intelligence to identify individuals awaiting rescue. In addition, drones are used to provide high-altitude illumination during night time. This plays an important supporting role in frontline firefighting operations. Taking the fire at Wang Fuk Court as an example, the FSD deployed its own reconnaissance drones, supplemented by those borrowed from Guangdong Province, to gain real-time insights into the fire scene for analysis. Simultaneously, these drones provided additional high-altitude illumination during night time to assist firefighting operations.
 
     Moreover, the FSD is actively exploring the relevant technologies and applications of firefighting drones. At present, both in Hong Kong and on the Mainland, firefighting drones remain in the experimental stage and have not yet developed to a point where they can be applied in actual fire scenes. The FSD is maintaining close contact with the Mainland fire services departments and drone manufacturers, and is actively conducting relevant field tests with drone manufacturers in Hong Kong. It is hoped that once the technology has matured and been proven safe and feasible, Hong Kong will be among the first to deploy drones for firefighting operations.
 
     Moreover, the FSD actively introduces and utilises various smart firefighting equipment to enhance effectiveness in firefighting and rescue operations. Currently, the FSD has introduced a new lightweight firefighting robot, which is undergoing functional testing. This robot can access high-risk areas inaccessible to fire services personnel to carry out operations, with both its size and weight significantly reduced compared to existing models. It can be deployed flexibly in diverse environments, such as confined spaces, to effectively carry out firefighting operations.
 
     In parallel, the Fire Services Department is trialing a new model of mini thermal imaging camera. This device enhances firefighters’ visibility within smoke-filled fire scenes, aiding in the clear identification of fire sources, trapped individuals and environmental hazards. Compared to previous equipment, its design is more lightweight and portable, significantly reducing operational strain on firefighters. This enables them to maintain greater mobility and endurance within fire scenes, thereby further enhancing operational efficiency and personnel safety.
 
     The FSD will continue to actively monitor the latest trends in various advanced firefighting equipment, introducing relevant equipment that is technically mature, safe and feasible where appropriate, so as to enhance firefighting and rescue effectiveness. The FSD has set aside financial resources for this purpose and will seek funding from the Legislative Council in accordance with established procedures if necessary.
 
(3) In general, the FSD formulates requirements for fire service installations and equipment in buildings based on their intended use and height. Certain high-rise buildings (including hotels, high-rise commercial buildings, high-rise industrial/godown buildings, and high-rise hospitals and sanatoria) may be required to install a staircase pressurisation system depending on their design and intended use, to prevent the discharge of smoke into the staircase to ensure that residents have a safe means of escape. On the other hand, residential flats with open kitchen design must be equipped with sprinkler systems as automatic firefighting equipment. Where domestic buildings are inaccessible to fire service vehicles, sprinkler systems must also be installed to enhance their fire safety standards. The requirement for sprinkler systems also applies to most high-rise non-domestic buildings.
 
     Furthermore, the Buildings Department stipulates that every building must be provided with sufficient means of access for firefighting and rescue. These include an adequate number of access staircases, fireman’s lifts and firefighting and rescue stairways capable of withstanding fire and smoke for a specified duration, enabling fire services personnel to access all floors of the building in the event of a fire.
 
     Currently, Hong Kong’s specifications and requirements for fire prevention and disaster prevention equipment in high-rise buildings are on par with those of the Chinese Mainland or other advanced countries. To enhance firefighting and rescue efficiency, the FSD is reviewing the requirements for fire service installations and equipment in high-rise buildings with reference to the latest developments in the Chinese Mainland and around the world, ensuring timely updates to the relevant specifications and requirements, thereby enhancing the overall fire safety of high-rise buildings. For example, the FSD is actively considering requiring the provision of firefighting and rescue tools on refuge floors, such as delivery hoses, nozzles, light portable pumps, rescue breathing aids and smoke hoods.
 
     On the other hand, the FSD is actively encouraging citizens to use portable fire equipment in domestic premises to enhance early fire warning and self-rescue capabilities, thereby enhancing home fire safety. The FSD has upgraded the existing “three treasures for fire protection” (i.e. fire extinguishers, fire blankets and stand-alone fire detectors) into the “disaster and emergency preparedness kit” by adding smoke hoods. It is estimated that 300 “disaster and emergency preparedness kits” will be distributed to each district in 2026.
 
     Regarding inspections and enforcement, the FSD continues to strengthen risk-based inspection and enforcement operations, with particular focus on high-risk buildings, such as those with poor management. For example, since January 19, the FSD has launched the operation outpost of the first phase of the risk-based inspection programme for fire service installations in buildings, targeting approximately 1 500 high‑risk buildings. The operation will involve inspections and functional testing, with particular focus on the performance of fire alarm systems. If any fire service installations are found not to be in efficient working order, the FSD will require responsible persons to take immediate remedial measures and will take enforcement actions against the irregularities to ensure public safety.

Medical records case under probe

Source: Hong Kong Information Services

The Department of Health announced today that it has referred to law enforcement agencies the case of a Dental House Officer (DHO) suspected of gaining unauthorised access to patients’ medical records.

The department revealed that an enquiry from a member of the public had been referred it by the Electronic Health Record Registration Office. The enquiry was prompted by an SMS notification about his electronic health records being accessed by a healthcare officer from the department despite the fact he had not used any of the department’s services recently. 

Preliminary investigations by the department revealed that a DHO employed under non-civil service terms had repeatedly accessed the electronic medical records of 16 individuals without their consent. None of the individuals were the DHO’s patients, but he claimed to know them. 

The department has reported the case to the Office of the Privacy Commissioner for Personal Data, the Commissioner for Electronic Health Record and the Dental Council of Hong Kong, and has notified the individuals affected. The DHO has been suspended from duty.

To prevent similar incidents from reoccurring, the department said it will review and optimise internal system security measures.

It has also reminded all staff and healthcare personnel to strictly observe internal guidelines on information technology security and the use of eHealth.

The department said it attaches great importance to the conduct and integrity of its staff, including contract staff. It elaborated that in cases where employees are suspected of misconduct, thorough investigations will be conducted, with all cases being impartially.

Snooker event given ‘M’ Mark status

Source: Hong Kong Information Services

The Major Sports Events Committee has awarded “M” Mark status to snooker’s World Grand Prix 2026.

The event will be held from February 3 to 8 at the Kai Tak Arena.

Committee Chairman Wilfred Ng said the high level of cuemanship in store and the excitement around the event are not in doubt, as the World Grand Prix is only open to the 32 top-ranked snooker professional players in the world. 

He added that the event not only gives snooker enthusiasts the opportunity to watch world-class players perform, but also promotes the further development of snooker in Hong Kong.

Director General David Cheng-Wei Wu and Mrs. Wu Attend Taiwan’s First Cross-Border Ban-doh Event in Sydney

Source: Republic of China Taiwan

Director General David Cheng-Wei Wu and Mrs. Wu attended the Sydney event of Taiwan’s first cross-border ban-doh reality programme, Have a Seat, marking a milestone in the international promotion of Taiwanese culinary culture.
In his remarks, Director General Wu noted that while Taiwan is globally recognised for its world-class semiconductor industry, it also possesses strong soft power rooted in its people, cultural diversity, and vibrant food culture. He highlighted the event as an example of using cuisine as a cultural bridge to deepen Taiwan–Australia exchange and people-to-people engagement.
Ban-doh embodies the spirit of sharing through food and conversation. Held in Australia for the first time, the event took place at Sydney Harbour with the Sydney Opera House as its backdrop, offering Australian guests an authentic experience of Taiwanese cuisine in an iconic public setting and showcasing the openness and warmth of Taiwanese culture.

Director General David Cheng-Wei Wu Welcomed the Hosts and Production Team of “A Table for the World” to Sydney

Source: Republic of China Taiwan

Director General David Cheng-Wei Wu welcomed the hosts and production team of the Taiwanese programme A Table for the World during their visit to Sydney, where they shared plans to engage with local communities in Australia through food, culture, and people-to-people exchange under the Sydney sky.
Director General Wu noted that culinary culture is an important vehicle for cultural diplomacy, fostering mutual understanding and friendship across borders. He welcomed initiatives that highlight Taiwan’s openness, creativity, and warmth, and expressed appreciation for the programme’s efforts to strengthen cultural connections between Taiwan and Australia through shared dining experiences.

HK-Türkiye pact effective Feb 4

Source: Hong Kong Information Services

The Trade & Industry Department announced today that the Investment Promotion & Protection Agreement (IPPA) signed between Hong Kong and Türkiye will enter into force on February 4.

Secretary for Commerce & Economic Development Algernon Yau said the IPPA will enhance investor confidence and expand investment flows between Hong Kong and Türkiye by providing additional assurance for investment protection, which will benefit the economic development of both places.

Under the IPPA, both governments commit to providing investors from the other side with fair, equitable and non-discriminatory treatment, compensation for expropriated investments, and the right to freely transfer investments and returns abroad.

The agreement also provides for the settlement of investment disputes under internationally accepted rules, including arbitration.

Mr Yau said the Government is dedicated to expanding Hong Kong’s global economic and trade networks. It has been actively seeking to sign IPPAs or free trade agreements with emerging markets including potential partners in the Middle East and other regions under the Belt & Road Initiative.

“We have largely concluded the IPPA negotiations with Qatar, and good progress has been made for the one with Peru. Meanwhile, we are exploring the signing of IPPAs with Bangladesh, Egypt and Saudi Arabia,” he added.

Hong Kong has so far signed 24 IPPAs with 33 foreign economies.

Investment Promotion and Protection Agreement between Hong Kong and Türkiye to enter into force on February 4

Source: Hong Kong Government special administrative region

Investment Promotion and Protection Agreement between Hong Kong and Türkiye to enter into force on February 4      
     Under the IPPA, the two governments undertake to provide investors of the other side with, among others, fair, equitable and non-discriminatory treatment of their investments, compensation in the event of expropriation of investments, and the right to free transfers abroad of investments and returns. The IPPA also provides for the settlement of investment disputes under internationally accepted rules, including arbitration.
      
     The Secretary for Commerce and Economic Development, Mr Algernon Yau, said, “By giving additional assurance of the protection of investment, the IPPA will enhance the confidence of investors and expand investment flows between Hong Kong and Türkiye, benefitting the economic development of the two places.”
      
     “The Government is dedicated to expanding Hong Kong’s global economic and trade networks and has been actively seeking to sign IPPAs or free trade agreements with emerging markets including potential partners in the Middle East and other regions along the Belt and Road. We have largely concluded the IPPA negotiations with Qatar, and good progress has been made for the one with Peru. Meanwhile, we are exploring the signing of IPPAs with Bangladesh, Egypt and Saudi Arabia,” he added.
      
     Hong Kong has so far signed 24 IPPAs with 33 foreign economies. Apart from the one signed with Türkiye in October 2023, the other foreign economies include 10 member states of the Association of Southeast Asian Nations (namely Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam), Australia, Austria, Bahrain, Belgium, Canada, Chile, Denmark, Finland, France, Germany, Italy, Japan, Korea, Kuwait, Luxembourg, Mexico, the Netherlands, New Zealand, Sweden, Switzerland, the United Arab Emirates and the United Kingdom.
Issued at HKT 11:00

NNNN

Speech by SFST at 2026 International Forum for Impact Investing (English Only)

Source: Hong Kong Government special administrative region

Speech by SFST at 2026 International Forum for Impact Investing (English Only)      
Regina (Convenor of the Non-official Members of the Executive Council, Mrs Regina Ip), DG Zhong Wu (Director General, Finance Center for South-South Cooperation, Dr Wu Zhong), Chairman Bei (Chairman, GSG Impact China National Partner, Dr Bei Duoguang), distinguished guests, ladies and gentlemen,
      
     Good morning. It is an honour to join you today at the International Forum for Impact Investing, themed “Impact in Action: Forging Resilient Futures”. I would like to express my sincere gratitude to the esteemed organisers for bringing together such a dynamic assembly of thought leaders, innovators, and practitioners. Your collective efforts in convening this forum underscore the vital role of collaboration in advancing sustainable development, and it is fitting that Hong Kong, as a bridge between East and West, hosts this pivotal dialogue.
      
     This year’s theme resonates deeply in our current global context, where the imperatives of resilience – against climate change, economic disruptions, and social issues – demand not just vision, but decisive action. As we navigate a multipolar world, the discussions ahead will illuminate pathways to a sustainable future, from investing in human resilience amid AI-driven transformations and climate displacements, to harnessing technological innovations in agriculture and beyond. Panels on sustainable investments across Asia, the potential of impact enterprises, development finance solutions through blended finance, and the journeys of Asian family offices in wealth stewardship all highlight the forum’s focus on turning impact into tangible outcomes. These conversations are not abstract; they are calls to mobilise capital for a more equitable and sustainable world, and I am confident that the insights shared here will inspire partnerships that extend far beyond today.
      
     Hong Kong is proud to be at the forefront of this movement, leveraging our status as an international financial centre to emerge as a leading hub for green and sustainable finance. Aligned with the Central People’s Government’s 14th Five-Year Plan and our own targets to achieve carbon neutrality before 2050 and halve emissions by 2035, we have seen remarkable growth in this sector. In 2024 alone, green and sustainable debt issued in Hong Kong surpassed US$84 billion, with bonds capturing 45 per cent of the Asian market for the seventh consecutive year. Our Government Sustainable Bond Programme has issued the equivalent of US$32 billion since 2019, including innovative tokenised green bonds – the world’s first multi-tranche digitally native ones and those integrating e-CNY and e-HKD in settlements. These issuances not only fund environmentally beneficial projects but also demonstrate Hong Kong’s innovation in blending fintech with sustainability.
      
     To further catalyse this ecosystem, we have extended the Green and Sustainable Finance Grant Scheme to 2027, subsidising issuance and external review costs for bonds and loans, including transition financing, with over HK$410 million granted to more than 640 instruments by December last year. Complementing this, our Pilot Green and Sustainable Finance Capacity Building Support Scheme, now extended to 2028, has approved over 9 700 applications, reimbursing up to HK$55 million to nurture talents in this field. We are also fostering a vibrant Green Fintech hub through initiatives like the Hong Kong Green Fintech Map and the Proof-of-Concept Funding Support Scheme (Green and Sustainable Fintech Proof-of-Concept Funding Support Scheme), which has backed 60 projects to commercialise solutions addressing industry pain points. On the disclosure front, our Roadmap on Sustainability Disclosure mandates publicly accountable entities to adopt International Sustainability Standards Board standards by 2028, supported by the Hong Kong Sustainability Disclosure Standards.
      
     Additionally, the Hong Kong Exchanges and Clearing Limited’s Core Climate platform, with over 120 participants and credits from more than 60 verified projects, positions us as a connector in the international carbon market, bolstered by memoranda of understanding with Greater Bay Area Exchanges.
      
     These initiatives reflect Hong Kong’s commitment to channelling capital toward resilient futures, where impact investing drives not only financial returns but also social and environmental progress. By integrating sustainability into our financial ecosystem, we are creating opportunities for investors, enterprises, and communities alike. As we face global challenges together, Hong Kong stands ready to partner with you in forging these resilient pathways.
      
     In closing, I wish this forum every success. May our discussions spark actions that build a more sustainable world for generations to come. Thank you. 
Issued at HKT 10:56

NNNN

President Lai meets American Veterans National Commander Paul Shipley

Source: Republic of China Taiwan

On the afternoon of January 27, President Lai Ching-te met with American Veterans (AMVETS) National Commander Paul Shipley. In remarks, the president thanked AMVETS for its longstanding support of Taiwan-US exchanges and veterans affairs. He also stated that the recent enactment of the Taiwan Assurance Implementation Act by the United States administration and Congress provides crucial support for the stable development of Taiwan-US relations. The president expressed hope to further deepen cooperation with the US to jointly enhance care and quality of services for veterans.
A translation of President Lai’s remarks follows:
I am delighted to meet and exchange ideas with Commander Shipley today at the Presidential Office. This visit clearly demonstrates the great importance he attaches to Taiwan-US cooperation and veterans affairs. I would also like to congratulate him on being elected national commander at the AMVETS National Convention last August. He is among the youngest national commanders in the organization’s history. His appointment symbolized the passing of the torch to a new generation and displayed AMVETS’ dynamism and drive as it continues to forge onward and stay ahead of the curve.
AMVETS has long played a vital role in US public affairs and social dialogue. Over many years, the organization has not only actively spoken up for veterans’ rights and interests, but also continued to advance Taiwan-US exchanges. In particular, AMVETS invites our Veterans Affairs Council (VAC) to attend its National Convention every year and passes a resolution in support of the Republic of China. AMVETS has also put forward resolutions that aim to consolidate Taiwan-US relations, help Taiwan strengthen its self-defense capabilities, and support our international participation. These concrete actions have further solidified bilateral exchanges in veterans affairs and deepened the Taiwan-US friendship.
Through bilateral exchanges, we have seen that AMVETS takes a systematic approach to providing comprehensive care and services to veterans. Here in Taiwan, the VAC is also committed to improving policies and other measures to ensure that every veteran enjoys stability and dignity in life. I look forward to Commander Shipley’s support for our continued exchange of experiences so as to provide even more and better care for our veterans.
I would also like to take this opportunity to thank the US administration and Congress for the recent enactment of the Taiwan Assurance Implementation Act. This will provide crucial support for the stable development of Taiwan-US relations. Moving ahead, Taiwan will join the US and like-minded democratic partners in deepening cooperation so as to make even greater contributions to maintaining regional peace and stability and the global order.
In closing, I wish Commander Shipley a pleasant and fruitful visit.
Commander Shipley then delivered remarks, first thanking President Lai for receiving him, as well as thanking Taiwan’s government for their kindness over the past few days and for continuing to provide much help to AMVETS. He indicated that since 1991, AMVETS national commanders have made many trips to Taiwan to show their support, and they reiterate that support every year at their National Convention.
Commander Shipley stated that it is his organization’s position that the relationship between Taiwan and the US is an excellent thing, and that especially in veterans affairs policies, both in the US and in Taiwan, they encourage this dialogue year over year.

Startups thriving in HK

Source: Hong Kong Information Services

Hong Kong’s startup ecosystem is thriving, attracting a growing number of local and international founders. The city’s business-friendly environment and strong innovation support make it an appealing base for startups aiming to expand in the region.

One of them is a Hong Kong fintech startup that was acquired last year by a loyalty and travel rewards platform from Singapore.

David B Wang, the platform’s Global Head of Loyalty Partnerships and General Manager of Hong Kong, said the city offers favourable conditions for startup development.

Hong Kong is first and foremost a travel hub, he noted, adding that following the COVID-19 pandemic recovery, passenger traffic at Hong Kong International Airport has benefited significantly, and with a new terminal opening, he expects travel demand to continue growing.

Mr Wang also highlighted Hong Kong as a dynamic fintech hub that unites financial services and innovation, enabling companies to test new ideas and products. He also expressed appreciation for the various partners and stakeholders who supported the company’s entry into Hong Kong.

“Thanks to organisations, including Cyberport and Invest Hong Kong, for giving us the resources and showing us that there is an ecosystem here for us to tap into so that we can accelerate our growth and expansion to the market.”

Last year, the number of startups and startup employees in Hong Kong reached new all-time highs. According to Invest Hong Kong, the number of startup firms in the city exceeded 5,200 in 2025, representing an 11% year-on-year increase. These companies employed nearly 20,000 people, reflecting growth of 12% compared with the previous year.

Director-General of Investment Promotion Alpha Lau said Hong Kong’s appeal extends far beyond its borders, with international founders accounting for approximately 33% of the city’s startup community, demonstrating that it is an ideal place for such firms.

“Whether they are local or from around the region using Hong Kong’s wonderful ecosystem for financing, or whether it is to look for support from government funding or develop test cases so that they can grow their dreams.”

In 2025, Invest Hong Kong helped 560 companies to set up or expand their operations in the city. These companies are expected to bring in nearly $70 billion in direct investment and create more than 10,000 new jobs.

In addition, the New Capital Investment Entrant Scheme, which is partly administered by Invest Hong Kong, received more than 2,850 applications last year, and is expected to bring in investment of more than $85.5 billion to Hong Kong.

Looking ahead, Ms Lau said the department will focus on the Northern Metropolis and supporting Mainland enterprises in “going global” through Hong Kong.

She said as Chinese Mainland industries continue to grow and expand their sales, technologies and investments abroad, Invest Hong Kong will help them to use the city as a platform. This includes managing the functions of their regional headquarters, fundraising, serving as a corporate treasury centre, and managing international operations.

Ms Lau outlined that the department will also identify companies that are interested in using the Northern Metropolis to expand their businesses, such as technology companies looking to establish research and development functions and pursue advanced manufacturing in the area.