Hong Kong’s green tech hub goal: nurture start-ups, identify advantages and create talent pool, fintech body says
- Public-private collaboration to fund start-ups, attracting and nurturing talent can help city achieve green tech, finance hub goal: FinTech Association of Hong Kong
- City must leverage China’s dominance in fields such as electric vehicles and renewable energy to its advantage, non-profit’s Sandeep Sethi says
Hong Kong’s aim of becoming a green technology and finance centre can become a reality if efforts are concentrated on supporting start-ups and leveraging China’s expertise in crucial technologies, according to the FinTech Association of Hong Kong.
The government and the private sector should step up collaboration to create funding structures to back green start-ups, attract and nurture a talent pool and foster a risk-taking mindset, said Sandeep Sethi, co-chair of the non-profit’s green tech and ESG committee.
“Various cities are trying to promote themselves as green tech centres” said Sethi, who is also an independent consultant and a former executive at Deutsche Bank. “We feel it is important for Hong Kong to put that flag up and say we are the leading green tech centre. We need to identify sub-sectors where we feel Hong Kong has certain advantages.”
Given China’s leadership position in electric vehicles, renewable energy and hydrogen, these sectors can be initial targets for collaborations, he added.
