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Office for Attracting Strategic Enterprises commenced full operation
     The Office for Attracting Strategic Enterprises (OASES) commenced full operation today (December 23). OASES is one of the new initiatives announced by the Chief Executive in his Policy Address in October 2022 to attract enterprises and investments more proactively and aggressively with a view to enhancing Hong Kong's competitiveness and speeding up industry development. 
     OASES is tasked with attracting representative and high-potential strategic enterprises from around the globe. The office will:
  • targeting industries of strategic importance to Hong Kong, including life and health technology, artificial intelligence and data science, financial technology, advanced manufacturing, new materials and new-energy technology, draw up a list of target enterprises, reach out to them proactively and carry out negotiations;
  • formulate attractive special facilitation measures covering such aspects as land, financing, tax and investment, and provide tailor-made plans to facilitate the setting up of the operations of enterprises in Hong Kong; and
  • provide employees of target enterprises with one-stop facilitation services in areas such as visa application and education arrangements for their children.
     The Financial Secretary, Mr Paul Chan, said, "Establishing OASES reflects our adoption of a new mentality to proactively plan and reach out to compete for enterprises at full steam. OASES will be a one-stop window for attracting strategic enterprises. Since the Policy Address announced the establishment of OASES, the response has been overwhelming, and we have received a large number of enquiries and requests for meeting. Many came from top-notch enterprises as well as enterprises engaging in cutting-edge technologies. OASES has already formulated a preliminary first-round list for target enterprises and will reach out actively, striving for more vibrant development for Hong Kong's industry and economy in the future."

     OASES has a staff of 18 in Hong Kong, and its Director-General is Mr Philip Yung. 17 Dedicated Teams for Attracting Businesses and Talents in Hong Kong Offices in the Mainland and overseas will provide full corresponding support to OASES. The website of OASES is at www.oases.gov.hk and enquiries can be made at 3755 2746 and enq@oases.gov.hk.
Ends/Friday, December 23, 2022
Issued at HKT 20:25
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