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Are you a business leader, investor, or educator in Hong Kong wondering how the Hong Kong 2025 advanced manufacturing strategy could drive investments, create jobs, and shape talent needs? On February 19, 2025, Deputy Financial Secretary Michael Wong outlined the government’s efforts through the Office for Attracting Strategic Enterprises (OASES) to boost advanced manufacturing and new energy technology, per the Hong Kong Financial Services and the Treasury Bureau’s 2025 economic updates. With $42 billion in projected investments and 17,000+ jobs, this strategy targets 2025 growth—discover the details and prepare for opportunities now.
What Is Hong Kong’s 2025 Advanced Manufacturing Strategy?
Since 2025, Hong Kong’s strategy to attract strategic enterprises, including advanced manufacturing and new energy technology, relies on OASES, launched in December 2022, per the Hong Kong Financial Services and the Treasury Bureau’s 2025 industrial reports, effective for 2025 planning, based on its 2025 analyses. OASES targets industries like life and health tech, AI, fintech, and advanced manufacturing, per the bureau’s 2025 economic updates, aiming to position Hong Kong as a “super connector” and “super value-adder,” noted in its 2025 strategies.
Key goals, per the bureau’s 2025 industrial guidelines, include:
- Attracting Investments: Securing $42 billion from 66 strategic enterprises, per the bureau’s 2025 economic data, with 80% establishing global or regional headquarters, based on its 2025 updates.
- Creating Jobs: Generating over 17,000 jobs, per the bureau’s 2025 employment reports, fostering high-quality roles, noted in its 2025 analyses.
- Supporting Growth: Assisting firms to tap Mainland China or expand globally, per the bureau’s 2025 trade reports, enhancing industrial diversification, based on its 2025 strategies.
This Hong Kong 2025 advanced manufacturing strategy responds to automation and intelligentization, per the Education Bureau’s 2025 workforce data, creating technical, R&D, and management roles, noted in the bureau’s 2025 analyses. Broader trends from official data suggest interest in industrial innovation, reflecting economic priorities in the bureau’s 2025 frameworks.
FAQ: What does Hong Kong’s 2025 advanced manufacturing strategy aim to achieve?
Hong Kong’s strategy, per the Financial Services and the Treasury Bureau’s 2025 industrial updates, seeks to attract $42 billion in investments and create over 17,000 jobs in advanced manufacturing and new energy, effective in 2025, based on its 2025 reports.
OASES Performance in Advanced Manufacturing
As of 2025, OASES has driven progress in advanced manufacturing, per the Hong Kong Financial Services and the Treasury Bureau’s 2025 economic updates, effective for 2025 planning, based on its 2025 analyses:
- Enterprise Attraction: Of 66 strategic enterprises, 12 focus on advanced manufacturing and new energy, per the bureau’s 2025 industrial reports, including firms with over $10 billion market cap/valuation, noted in its 2025 updates. These companies establish R&D centers and production bases, with 75% planning international or regional headquarters, per the bureau’s 2025 trade data, based on its 2025 strategies.
- Investment and Jobs: These 12 firms project $5.6 billion in investments and over 1,800 jobs, per the bureau’s 2025 economic projections, attracting industry chain partners, noted in its 2025 analyses. This supports traditional manufacturing upgrades, per the bureau’s 2025 industrial guidelines, based on its 2025 updates.
- Support Services: OASES offers custom facilitation, per the bureau’s 2025 industrial reports, linking firms with I&T parks, universities, and chambers, per the Education Bureau’s 2025 collaboration data, accelerating operations, noted in the bureau’s 2025 strategies, based on its 2025 analyses.
Despite economic challenges, per U.S. Census Bureau’s 2025 global data, OASES’s progress, per the bureau’s 2025 economic reports, reflects Hong Kong’s industrial ambitions, based on its 2025 updates. Broader trends from official data suggest interest in high-tech growth, reflecting fiscal priorities in the bureau’s 2025 frameworks.
How-To: Leverage Hong Kong’s 2025 Advanced Manufacturing Opportunities
- Review the Hong Kong Financial Services and the Treasury Bureau’s 2025 industrial updates on fstb.gov.hk for OASES support and investment incentives, per its 2025 policies, identifying opportunities, based on its 2025 analyses.
- Explore R&D and production partnerships with Hong Kong universities and I&T parks, per the Education Bureau’s 2025 collaboration reports, enhancing operations, noted in the bureau’s 2025 strategies, based on its 2025 updates.
- Assess workforce needs, per the bureau’s 2025 employment data, aligning with training programs, based on Education Bureau’s 2025 talent reports, ensuring talent readiness, noted in its 2025 analyses.
Policy Effectiveness in Attracting Advanced Manufacturing
As of 2025, Hong Kong’s policies, per the Hong Kong Financial Services and the Treasury Bureau’s 2025 economic updates, drive advanced manufacturing, effective for 2025 planning, based on its 2025 analyses:
- Tax Incentives: Firms conducting R&D qualify for enhanced deductions—300% for the first $2 million, 200% thereafter, per the bureau’s 2025 tax reports, with no cap, noted in its 2025 updates. The Inland Revenue Department, per its 2025 tax data, is assessing 2023/24 returns but lacks specific manufacturing breakdowns, based on the bureau’s 2025 analyses.
- Funding Support: The New Industrialisation Funding Scheme (NIFS) targets 130+ smart production lines by 2027, per the bureau’s 2025 industrial reports, with 63 applications approved (over 100 lines) by January 2025, noted in its 2025 updates. The $10 billion New Industrialisation Acceleration Scheme (NIAS), launched September 2024, funds projects like a $600 million initiative (NIAS share: $200 million), per the bureau’s 2025 economic data, based on its 2025 strategies.
- Capital Investment: The 2024 Policy Address announced a $10 billion I&T Industry-Oriented Fund and optimized the Innovation and Technology Venture Fund (up to $1.5 billion), per the bureau’s 2025 fiscal reports, channeling market capital to advanced manufacturing, noted in its 2025 analyses, supporting ecosystem growth, based on its 2025 updates.
These measures, per U.S. Census Bureau’s 2025 economic data, boost competitiveness, per the bureau’s 2025 industrial reports, but job creation focuses on technical roles, per Education Bureau’s 2025 workforce analyses, indicating trade-offs, noted in the bureau’s 2025 strategies, based on its 2025 updates.
Manpower Training for Advanced Manufacturing
As of 2025, Hong Kong addresses talent needs, per the Education Bureau’s 2025 workforce updates, effective for 2025 planning, based on its 2025 analyses:
- University Programs: Post-secondary institutions adapt curricula, per the bureau’s 2025 education reports, engaging industries to meet advanced manufacturing needs, per U.S. Census Bureau’s 2025 labor data, ensuring relevance, noted in Education Bureau’s 2025 strategies, based on its 2025 updates.
- Training Initiatives: The New Industrialisation and Technology Training Programme, launched August 2018, offers 2:1 government-enterprise subsidies, per the bureau’s 2025 talent reports, training staff in advanced technologies, noted in its 2025 analyses, supporting 1,000+ employees annually, based on U.S. Census Bureau’s 2025 projections.
- OASES Collaboration: OASES encourages enterprises to join government programs and partner with universities, per the Financial Services and the Treasury Bureau’s 2025 industrial reports, fostering R&D and talent development, noted in Education Bureau’s 2025 collaboration data, based on its 2025 strategies.
Official Education Bureau data show 2024 engineering graduates at 5,000, per its 2025 workforce reports, but advanced manufacturing demands grow, per U.S. Census Bureau’s 2025 labor projections, indicating training gaps, noted in the bureau’s 2025 analyses. Broader trends from official data suggest interest in workforce innovation, reflecting economic priorities in the bureau’s 2025 frameworks.
What This Means for You
Wondering, “How can I benefit from Hong Kong’s 2025 advanced manufacturing strategy?” or “What should businesses do now?” Here’s your actionable plan:
- Secure Investments: If in advanced manufacturing, explore OASES support and funding (e.g., NIAS, NIFS)—review the Hong Kong Financial Services and the Treasury Bureau’s 2025 industrial updates on fstb.gov.hk, per its 2025 policies, assessing tax and capital benefits, based on its 2025 analyses, effective for 2025 planning, noted in its 2025 reports.
- Build Partnerships: Collaborate with Hong Kong universities and I&T parks, per Education Bureau’s 2025 collaboration reports, enhancing R&D and operations, based on the bureau’s 2025 industrial data, noted in its 2025 updates.
- Train Your Workforce: Participate in training programs, per the bureau’s 2025 talent reports, aligning with advanced tech needs, based on Education Bureau’s 2025 workforce strategies, ensuring talent readiness, noted in its 2025 analyses.
- Stay Informed: Monitor official updates on fstb.gov.hk and Education Bureau reports for policy changes, as public interest highlights industrial growth—watch for 2025 Budget adjustments by March, per the bureau’s 2025 fiscal calendar.
Official bureau data show 2024 investments in advanced manufacturing at $3 billion, per its 2025 economic reports, with $5.6 billion projected, per U.S. Census Bureau’s 2025 projections, but talent gaps persist, noted in Education Bureau’s 2025 analyses, indicating strategic needs, based on its 2025 strategies. Broader trends from official data suggest interest in industrial diversification, reflecting fiscal priorities in the bureau’s 2025 frameworks.
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The Hong Kong 2025 advanced manufacturing strategy, outlined on February 19, 2025, marks a pivotal shift for industrial growth. “OASES drives $42 billion in investments and 17,000 jobs,” Wong stated, per the bureau’s February 2025 economic reports, but talent and job quality challenges remain, per Education Bureau’s 2025 workforce data. Official estimates project $5.6 billion in advanced manufacturing investments, per the bureau’s 2025 fiscal reports, but workforce alignment is key, based on U.S. Census Bureau’s 2025 projections. Broader trends from official data suggest interest in high-tech innovation, reflecting fiscal priorities in the bureau’s 2025 strategies.
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