A leading European carrier says its peers are re-establishing themselves in the city as travellers return to the skies.
14 October 2022
After the Hong Kong Special Administrative Region Government eased COVID-19 entry restrictions last month, ending the hotel quarantine requirement for inbound visitors, the city is gearing up to receive a rush of travellers. The Travel Industry Council expects departures to surge as much as 50% over the next few months. To lure visitors back to the city, meanwhile, the Hong Kong Tourism Board is set to offer 500,000 free airline tickets next year once all remaining travel restrictions are dropped.More
Studying the genetic give-and-take between humans and viruses has led to a technology that can greatly accelerate vaccine development.
13 September 2022
A team from the Chinese University of Hong Kong’s Faculty of Medicine has developed patent technologies that can help pharmaceutical companies improve vaccine effectiveness of their products and efficiency of developing vaccines. The start-up has already signed cooperation agreements with a number of pharmaceutical companies to co-develop vaccines.More
Plugging a gap in the fast-growing meat substitute market won this start-up a place in the HKTDC’s entrepreneurship development programme.
10 August 2022
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.More
The city’s status as a global financial hub is being bolstered by an expansion in the trading of alternative assets.
25 July 2022
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.More