Companies in Thailand, one of the largest Association of Southeast Asian Nations (ASEAN) economies, hope to expand both within ASEAN markets and across the world – and could turn to the active financial markets of Hong Kong to raise funds.
Hong Kong businesses are known for their flexibility and adaptability. A family-owned factory, now in its second generation, has faced constant challenges since the current owner took over the operation, so it took the decision to actively diversify.
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.
Mainland China, the second-largest economy in the world, continues to draw strong market interest, especially in relation to the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
Following the COVID-19 pandemic, companies are accelerating campaigns to upgrade brands, transform e-commerce systems and develop new production and supply chains to ensure they remain viable as long-term businesses.
In order to accelerate the integration of information and communication technology (ICT) to create an intelligent manufacturing industry, Hong Kong-based innovation and technology company Nexsen sees Industry 4.0 as an opportunity to actively expand into offshore markets.
Among Association of Southeast Asian Nations (ASEAN) members, Malaysia is Hong Kong's second-largest trading partner. Malaysia's latest five-year development plan specifies that the country will actively develop its digital economy and attract technology-related investment.
As fintech transforms traditional banking, with all financial institutions becoming fintechs and the metaverse becoming a venue for a parallel banking system, the industry’s talent transformation will need to go beyond swapping pinstripe suits for denim.
Zeek is not your conventional logistics company – forgoing warehouses and vehicles, the Hong Kong start-up provides on-demand delivery services reaching recipients in as little as half an hour, thanks to a massive team of 15,000 couriers recruited through a smart application.
“East meets West” is a term firmly wedded to Hong Kong, in the same way as “Silicon Valley” is linked to San Francisco. But just as the technology business in San Francisco is about much more than physical chips, to view Hong Kong as primarily a link between Mainland China and Europe and North America misses the big picture.