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.
The development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is helping businesses from Mainland China to enter the Hong Kong market and use the city as their launchpad for global expansion. In a report from global real estate consultancy Knight Frank, Patrick Mak, Executive Director Head of Kowloon Office Strategy & Solutions & Head of Tenant Representation, Greater China, discusses which sectors are most likely to leverage Hong Kong’s connector status and identifies three emerging office hubs in Kowloon that have the potential to reap benefits.
Hong Kong-born designer Winnie Tang (main picture, right) and her friend Kitty Chan (main picture, left) started their first business at the age of 14. They bought fashion items from Korea and sold them on a Hong Kong online platform, then brought them to the Australian market.