Author: Olga Wong

Hong Kong authorities have strongly criticized a recent report by the British government, accusing the UK of prioritizing politics over the rule of law. The statement came in response to the UK’s monitoring report on Hong Kong, which raised concerns about China’s commitment to the Sino-British Joint Declaration. According to the UK’s foreign secretary, David Lammy, Hong Kong’s administration has focused on national security at the expense of residents’ rights and freedoms. The Joint Declaration, signed in 1984, outlines the transfer of control of Hong Kong back to China. The Hong Kong government slammed the UK’s report as misleading and…

Hong Kong remains steadfast in its commitment to becoming a global innovation and technology hub, despite recent moves by the US government to block Chinese access to the American life sciences market. The impact of these policies is deemed limited, with Hong Kong pushing forward with its I&T initiatives, attracting investments from mainland China and overseas. Authorities are working to minimize geopolitical risks and have plans to expand semiconductor production and research. Hong Kong’s biotech sector continues to thrive, with strong support from Beijing and connections with global markets. Efforts are underway to enhance international cooperation, expand cross-border data transfer…

The Hong Kong Finance Chief, Paul Chan, expressed confidence in the strong support from the central authority for mainland enterprises looking to connect with Hong Kong’s equity market. He mentioned a surge in IPOs coming to Hong Kong in the second half of the year, especially from the third quarter. Despite a decline in funds raised by IPOs in the first half of 2024, Chan remains optimistic due to dialogue with mainland company executives. He highlighted the city’s tailor-made rules for innovative sectors, making it an attractive platform for deep tech companies. Moreover, Chan mentioned Hong Kong’s efforts to open…