ESG is trending among companies globally, helping them go green and achieve sustainable development, but in the eyes of Arthur Lam, CEO and Co-Founder of Hong Kong start-up Negawatt, that is far from enough to make an environmental impact.
Hong Kong showcased its innovation and technology (I&T) strengths at three fairs last week, including the first-ever InnoEX co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), held concurrently with the Hong Kong Electronics Fair (Spring Edition) and Hong Kong International Lighting Fair (Spring Edition).
Throughout the COVID-19 pandemic, millions of surgical masks have been discarded every day in Hong Kong, putting a heavy burden on landfills and potentially posing a threat to the marine ecology.
This story is a part of the Hong Kong Means Business “Powered by HSBC – Bridging the GBA” series.
New Zealand is known as the world’s “last pure land” . In addition to beautiful scenery with mountains, lakes, glaciers and fjords, the islands also offer the purest pollution-free spring water.
Fresh vegetable and fruit salads are rich in nutrients, but the taste can be bland and the grass-like flavour of some salad leaves is not acceptable to everyone.
As the shift to vegetarian diets becomes more deeply rooted in Hong Kong, local start-ups are seizing the opportunity to develop new food technologies. Hong Kong start-up Good Food Technologies has developed a plant-based pork substitute made from konjac (a root vegetable widely cultivated in Asia), coconut oil and soyabeans. The firm's first round of financing attracted HK$12 million (US$1.53 million) which will be used to build new production facilities, develop retail capabilities and grow beyond Hong Kong.
The alternative investment industry in Hong Kong has remained resilient in the face of the COVID-19 pandemic, with Securities and Futures Commission (SFC) data showing assets under management (AUM) rising 21% to HK$34 trillion (US$4.33 trillion) in 2020. Meanwhile, private banking and private wealth management enjoyed a year-on-year increase of 25% to HK$11.3 trillion in 2021.
Hong Kong is forever changing and adapting as China, East Asia and the rest of the world move forward. The city’s people, especially the young, need to continually upgrade their skills and knowledge bases to match.
This month, one of the Hong Kong’s longest-running and most popular cultural events is officially part of celebrations to mark the 25th anniversary of the establishment of the Hong Kong Special Administrative Region – and is also the first major event to open to the general public following the fifth wave of the COVID-19 pandemic in the city.
Technology investors usually expect rapid returns on their assets, but the life sciences, especially medicine, have notoriously long development times. Returns can take decades to eventuate and ventures often turn out to be unviable.