Hong Kong is an attractive destination for overseas start-ups and entrepreneurs looking to develop their ventures, thanks to its deep financial market, availability of capital, and international status, as highlighted by Clara Chan Ka-chai, CEO of Hong Kong Investment Corporation (HKIC). Chan emphasized that the city’s low taxes, free flow of data, and robust financial system provide a solid foundation for business growth.
The HKIC, managing HK$62 billion (US$8 billion), aims to boost Hong Kong’s position as an innovation and technology hub through partnerships and investments with start-ups. Recent collaborations with local AI unicorn SmartMore and Beijing-based Biomap demonstrate the commitment to fostering innovation in the region.
The city’s appeal extends beyond just business opportunities, as highlighted by Phil Witherington, Asia CEO of Manulife. Witherington sees Hong Kong as a critical player in global cooperation and understanding, leveraging its strengths in finance and connectivity.