Hong Kong is recognized for its strong regulatory support for foreign companies looking to establish their operations in the city. In addition, its strategic location as a connector between mainland China and global markets is making it an attractive hub for medical technology firms.
One such company benefiting from Hong Kong’s favorable business environment is Time Medical, a medical imaging company spun off from Columbia University. With assistance from InvestHK, a government agency promoting foreign investment, Time Medical was able to streamline its regulatory approval process for its MRI machines, reducing it from years to just a few months.
Time Medical is just one of the many medical technology companies InvestHK has assisted in establishing or expanding their presence in Hong Kong this year. The city’s connections, including opportunities in the Greater Bay Area, are opening up doors to the lucrative medical technology market in mainland China.
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