ASEAN BUSINESS-ENVIRONMENT

Web 3.0, blockchain, the Metaverse and other nascent technologies are at the cutting edge of industrial development and naturally create a need for agile, skilled and dynamic software developers. The Guangdong-Hong Kong-Macao Greater Bay Area is a hotspot of industrial development, generating strong demand for expertise in these technologies.

The sharp rise in business activity after the Hong Kong-Mainland China borders reopened has brightened exporter sentiment in Hong Kong and moved the mainland economy into top spot for trade prospects.

Trade, investment and business collaboration between the Association of Southeast Asian Nations (ASEAN) and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is growing rapidly. Legal disputes are bound to arise and Hong Kong is perfectly placed as a litigation and dispute resolution centre.

Indonesian companies could turn to Hong Kong as a fund-raising platform, drawn by the city’s global financial-hub status and strengths in finance, technology and other sectors which are growing rapidly in the archipelago.

Many big, resource-rich countries have special-purpose capitals – think Brasilia, Canberra or Ottawa – and Indonesia plans to do the same, establishing a smart city Nusantara on the east coast of Borneo as a new home for the capital, which is now Jakarta.

As Hong Kong reopens its doors to Mainland China and the world at large, the Hong Kong Trade Development Council (HKTDC) will roll out a full season of global trade fairs and conferences, coupled with a plethora of overseas promotions, to create opportunities for the Hong Kong, mainland and international business communities.