VENTURE HONG KONG

Budget brings trade boost

Stronger ties with Mainland China and ASEAN and further support for SMEs are key measures in Hong Kong’s 2022-23 spending plans.

25 February 2022

Stronger trade and investment ties with Mainland China and the world at large, boosting the broader trade industry and enhancing the technology sector, especially fintech, were key themes in the Hong Kong Budget for 2022-23, delivered by Paul Chan, the Hong Kong Special Administrative Region Financial Secretary, on Wednesday.More

Topics: Association & Government, Hong Kong, regulation

Bulky trash becomes usable plastic

A Hong Kong firm has developed an innovative technology to efficiently treat expanded polystyrene foam waste, helping the recycling industry upgrade and transform.

24 February 2022

Expanded polystyrene (EPS) foam, commonly known as “styrofoam” and widely used in packaging and disposable containers for food and drinks, can take hundreds of years to decompose in the natural environment, causing long-term pollution.More

Topics: Environmental Protection, Hong Kong, start-up, Green Tech

Local brand comes home

Having won its spurs in Japan and Taiwan, a Hong Kong timepiece brand is shifting focus to its home city.

17 February 2022

Sales of consumer goods such as watches and clothing serve as a gauge for the economy. The worldwide COVID-19 pandemic made consumers cautious, but now, as markets begin to recover, Hong Kong watch brand Glitzy Owl, which initially rolled out in Japan and Taiwan last year, is setting sights on its home market.More

Topics: Watches & Clocks, Hong Kong, Japan, watches, manufacturing

Wealth managers go digital

Investment firms allocating clients’ money have a wide range of needs, prompting this fintech provider to take a modular approach.

10 February 2022

Wealth management – directing clients’ money towards investments that generate the most attractive returns or yields – is a field ripe for technological innovation. As wealth managers deal with multitudes of different client types, all these clients have a variety of different needs creating a vacuum for personalised wealth management solutions. Digitalising their client experience, via a modular, configurable platform, allows the wealth managers the flexibility to personalise their offerings to address a wide range of clients and their needs.More

Topics: Finance & Investment, Hong Kong, start-up, AI

Money follows science

A pioneer from China’s opening-up programme has applied his knowledge of biotechnology to create high-demand products.

20 January 2022

Biotechnology is an applied science, where scientific discoveries yield products and services that can in turn feed profitable businesses.More

Topics: Health & Beauty, Medical Supplies & Medicine, Hong Kong, Mainland China, Biotech, start-up

Opening up new opportunities for SMEs

This leading bank is in prime position to help firms tap into the Greater Bay Area.

12 January 2022

Innovation and technology is taking the world into a new era, opening up fresh opportunities in the upcoming economic powerhouse: Guangdong-Hong Kong-Macao Greater Bay Area (GBA). For companies setting their sights on this vibrant region, a range of support is at hand in Hong Kong. Among them is global banking giant HSBC’s US$1.13 billion “GBA+ Technology Fund”, and US$700 million “GBA+ Healthcare Fund”, which provide flexible financing support for new-economy companies in the region.More

Topics: Banking Services, Finance & Investment, Hong Kong, Mainland China, banking, investment

‘Dual circulation’ boosts outlook

Many businesses operating in the GBA expect the new economic strategy to expand their returns.

06 January 2022

Under the “dual circulation” economic strategy of Mainland China, first announced in May last year, policy makers place more emphasis on the domestic market as momentum supports exports.More

Topics: Business Management & Consultancy, Banking Services, Hong Kong, Mainland China, banking, GBA

Revitalising a traditional craft

The last watchband maker in Hong Kong is seeking to boost the industry by expanding into overseas markets.

07 March 2022

Faced with the challenge of growing its business following the COVID-19 pandemic, a well-established Hong Kong watchstrap maker realised it had to use the right channels to go out into overseas markets, in addition to providing quality products that people want to buy.More

Topics: Watches & Clocks, Hong Kong, watches, T-Box

Direct from the source

Establishing a branch in Japan was a boon for a Hong Kong importer as COVID-19 disrupted supply chains.

23 December 2021

The COVID-19 pandemic disrupted established sourcing and transport channels, leading many Hong Kong firms to change their sourcing tactics.More

Topics: Food & Beverages, Hong Kong, e-business, food

Exporters cautious amid logistics snags

The HKTDC forecasts an 8% expansion in Hong Kong’s exports in 2022 following a 25% increase in 2021 as COVID-19 keeps the world economy under pressure.

17 December 2021

Exporters based in Hong Kong remain cautious when looking ahead to 2022 as supply chain snags continue to weigh on prospects, leading a switch from a “just-in-time” mindset to “just-in-case”, allowing more time for delivery and a build-up of buffer inventory to compensate for production delays.More

Topics: Association & Government, Hong Kong, trade

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