Entrepreneurship

ASEAN is becoming an important destination for and source of investment capital from Hong Kong.

Innovation and technology (I&T) are important forces driving long-term economic development. The Hong Kong SAR Government has contacted more than 200 companies so far in its drive to attract innovative companies to the city, of which more than 25 had already settled or were planning to settle in Hong Kong, or expand their business scale in Hong Kong, with an investment of more than HK$17 billion (US$2.17 billion).

As large enterprises integrate environmental protection, social responsibility and corporate governance (ESG) into businesses, SMEs upstream in the supply chain need to follow suit and fully implement ESG.

Hong Kong’s has a sound financial and legal system and its unique geographic advantages make the city an ideal venue for international legal and arbitration services.

The Ningbo-Hong Kong Economic Cooperation Forum 2023, jointly organised by the HKTDC and the government of Ningbo city, Zhejiang province, was held in Hong Kong last month. A Ningbo delegation comprising political and business leaders attended in-person, as the two cities explored collaborations to drive the nation’s high-quality development, as well as create new momentum for Hong Kong’s economy.

Standard Chartered and the Hong Kong Trade Development Council (HKTDC) this week released the Standard Chartered GBA Business Confidence Index (GBAI) for the second quarter of this year.