The meteoric growth of economies in Asia during the 20th and 21st centuries generated a phalanx of self-made millionaires and billionaires, many of whom now need to protect and grow their wealth for second and succeeding generations by setting up family offices.
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.
China’s active promotion of multilateralism through such measures as the Belt and Road Initiative, Guangdong-Hong Kong-Macao Greater Bay Area, and Regional Comprehensive Economic Partnership (RCEP) has contributed to its own economic transformation and given impetus to economic development in the Asia-Pacific region.
As Hong Kong companies continue to face significant business challenges following the COVID-19 pandemic, they can look to government programmes set up specifically to help small and medium-sized enterprises (SMEs) expand their horizons.
money, a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.
The work-from-home trend and a desire to shrink their carbon footprints has led many Hong Kong firms to switch to paperless workflow management and adopt a digital transformation. For example, since July the Hong Kong Stock Exchange has required that initial public offerings must be paperless, while AS Watson has spent HK$900 million (US$115 million) on technology this year to accelerate its digital transformation and deliver an online-to-offline (O2O) platform strategy.
As the world recovers from the COVID-19 pandemic, most small and medium-sized enterprises (SMEs) in Hong Kong need to rethink their operations to adapt to the new normal – and many are choosing to digitally transform their business.
The global digital currency market is worth more than US$1 trillion and with many merchants now accepting digital currencies, encrypted wallet security is firmly in the spotlight. A Hong Kong-based technology company launched an innovative patent-pending solution this year that can efficiently and securely manage digital assets. Leading global banks and professional investors have quickly adopted the technology.
Supply-chain disruptions driven by the COVID-19 pandemic and associated control measures severely disrupted computer hardware production, creating strong demand for cloud-based software-as-a-service (SaaS) applications.