e Business

The Hong Kong business community has welcomed authorities’ move to relax COVID-19 prevention requirements for arrivals, who from 12 August will need to stay in a quarantine hotel for three days followed by four days of self-isolation.

Hong Kong people have an abundance of creativity, which is being manifested as start-ups continue to grow steadily across different sectors. The city has recently seen an enhancement in its incubation programmes and support systems, allowing nascent Hong Kong businesses to flourish.

The COVID-19 pandemic impacted every area of economic activity across the world, from agriculture to utilities, and sourcing by importers and exporters was no exception.

The rollout of the giant Regional Comprehensive Economic Partnership (RCEP), a new trade grouping that stretches from Japan on the fringes of the Arctic to New Zealand on the edge of the Antarctic, is driving optimism on long-term business prospects among enterprises in 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.

Start-ups work with limited resources and have a wide range of needs – from finance and research and development (R&D) facilities to bespoke manufacturing. One of the best ways they can move ahead is by, quite literally siting themselves in the best possible geographical region.