Entrepreneurship

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 Hong Kong Trade Development Council (HKTDC) helped the Chinese University of Hong Kong (CUHK) reach a research agreement with AI Medical Service (AIM) – a Japanese medical start-up which develops artificial intelligence (AI) endoscopic diagnostic technology – to accelerate development, promote it in Hong Kong and enhance clinical application in other Asian economies.

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.

Business confidence in the Guangdong-Hong Kong-Macao Greater Bay Area rallied to a record high in the first quarter of this year after the Mainland China-Hong Kong borders fully reopened.

As Asia’s cultural and creativity hub, Hong Kong brings together innovative ideas and design talents. As consumers pursue excellence, innovation and quality of life, industries such as fashion, lifestyle, product design and licensing are developing rapidly, creating abundant business opportunities.

Hong Kong brand The Wee Bean has made a name for itself with products for babies and kids made from bamboo and organic cotton. The items sell well in the United States, Canada, Singapore and other places. The firm plans to expand into Mainland China and seize opportunities brought about by the three-child policy.