Investment

Fintech has taken off across the world in recent years and companies in Hong Kong’s financial sector are pursuing innovation to enhance safety and protect clients’ assets.

The meteoric growth of economies in Asia during the 20th and 21st centuries generated a phalanx of self-made millionaires and billionaires, many of whom now need to protect and grow their wealth for second and succeeding generations by setting up family offices.

SmartHK is the Hong Kong Trade Development Council’s (HKTDC) annual promotion event held in leading cities in Mainland China (including Guangzhou, Jinan, Chengdu, Fuzhou and Hangzhou) since 2011. The conference-oriented forum offers interactive sessions and business matching services for enterprises.

Economic and trade ties between Hong Kong and the rest of the world are back to normal after border restrictions were lifted earlier this year.

China’s active promotion of multilateralism through such measures as the Belt and Road Initiative, Guangdong-Hong Kong-Macao Greater Bay Area, and Regional Comprehensive Economic Partnership (RCEP) has contributed to its own economic transformation and given impetus to economic development in the Asia-Pacific region.

Indonesian companies could turn to Hong Kong as a fund-raising platform, drawn by the city’s global financial-hub status and strengths in finance, technology and other sectors which are growing rapidly in the archipelago.