https://www.scmp.com/rss/318707/feed The entrepreneurs and companies working to change the Hong Kong technology and business environment with innovative products and strategies. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Xinmei Shen Xinmei Shen Hong Kong has made “significant” progress in its bid to transform itself into a technology hub, according to a Chinese venture capital investor, whose firm was recently selected by the city to invest in local start-ups under a HK$2 billion (US$250 million) government initiative. “You can see fundamental, significant changes are indeed taking place,” said Steve Sun, founding managing partner of Dalton Venture, in an interview on Thursday. “I believe that over the next decade, Hong Kong can... https://www.scmp.com/tech/policy/article/3352173/hong-kong-tech-hub-progress-significant-dalton-ventures-steve-sun-says?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3352173/hong-kong-tech-hub-progress-significant-dalton-ventures-steve-sun-says?utm_source=rss_feed Sat, 02 May 2026 00:30:08 +0000 Regina Ip Regina Ip For the first time in its history – and in a striking departure from its long-standing doctrine of minimal economic intervention – Hong Kong is preparing to draw up a five-year plan. Chief Executive John Lee Ka-chiu has asked all policy bureaus to help draft proposals by the end of the year. To lead the exercise, veteran civil servant Janice Tse Siu-wah has come out of retirement. The Legislative Council, not to be left out, has formed a committee supported by six coordinating groups spanning... https://www.scmp.com/opinion/hong-kong-opinion/article/3350403/how-markets-will-test-hong-kongs-new-economic-model?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3350403/how-markets-will-test-hong-kongs-new-economic-model?utm_source=rss_feed Sun, 19 Apr 2026 01:30:08 +0000 Regina Ip Regina Ip At this time of year, Financial Secretary Paul Chan Mo-po’s top priority is finalising the Hong Kong government’s budget for 2026-27, balancing requests for incentives and welfare against calls for a return to fiscal prudence. For decades, budget speeches have followed a familiar structure: a review of past performance, near- and medium-term forecasts, support measures for industries and social services, a report on the government’s fiscal position and financial estimates for the coming year.... https://www.scmp.com/opinion/hong-kong-opinion/article/3342610/hong-kongs-budget-should-move-city-towards-inspirational-development?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3342610/hong-kongs-budget-should-move-city-towards-inspirational-development?utm_source=rss_feed Sun, 08 Feb 2026 01:30:08 +0000 Ken Chu Ken Chu China’s commercial space sector has entered a new frontier. In January, a private Chinese aerospace company unveiled the test capsule of what is set to become the country’s first commercially developed crewed spacecraft, with plans for crewed flights by 2028 and bookings already taken from private space tourists. The project reflects a decisive shift in national policy, where commercial players are no longer peripheral participants but integral contributors to major space missions. This... https://www.scmp.com/opinion/china-opinion/article/3341977/china-opens-its-space-sector-hong-kong-should-reach-stars?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3341977/china-opens-its-space-sector-hong-kong-should-reach-stars?utm_source=rss_feed Tue, 03 Feb 2026 01:30:09 +0000 SCMP Editorial SCMP Editorial The challenges facing Hong Kong have never been greater in a fast-changing world that is being reshaped by new technology and shifting economic and political orders. But there are also enormous opportunities, given our unique role as China’s most open and internationalised economy. The Hong Kong government should continue to unite different sectors to play to their strengths under “one country, two systems” and develop in a way mutually beneficial to the country and the city. A top forum... https://www.scmp.com/opinion/comment/article/3340148/greater-bay-area-collaboration-can-help-hong-kong-rise-challenges-ahead?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3340148/greater-bay-area-collaboration-can-help-hong-kong-rise-challenges-ahead?utm_source=rss_feed Fri, 16 Jan 2026 23:15:11 +0000 Ying Xu,Weishi Zhang Ying Xu,Weishi Zhang The recent opening of the Hong Kong-Shenzhen Innovation and Technology Park in the Hetao cooperation zone is a defining milestone in Hong Kong’s journey to become an international tech hub. Heralded by Chief Executive John Lee Ka-chiu as a pivotal moment for local innovation, this is more than just a new facility; it marks a strategic transformation in Hong Kong’s economic identity. The park is designed as a world-class industry-academia-research platform for collaboration, focusing on... https://www.scmp.com/opinion/hong-kong-opinion/article/3338622/hetao-tech-hub-hong-kong-reimagining-its-economic-future?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3338622/hetao-tech-hub-hong-kong-reimagining-its-economic-future?utm_source=rss_feed Tue, 06 Jan 2026 01:30:12 +0000 Cheng Xianyue Cheng Xianyue On December 16, Chinese President Xi Jinping, on receiving a work report from Hong Kong Chief Executive John Lee Ka-chiu, said the city should proactively align with the country’s 15th five-year plan and better integrate into, and serve, the national development agenda. In recent days, discussion of the coming plan across the Hong Kong government and wider society has underscored a growing consensus behind deeper integration with the mainland. While the 14th five-year plan spoke of “maintaining”... https://www.scmp.com/opinion/hong-kong-opinion/article/3338179/how-hong-kong-can-take-more-frontier-role-chinas-development?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3338179/how-hong-kong-can-take-more-frontier-role-chinas-development?utm_source=rss_feed Fri, 02 Jan 2026 01:30:09 +0000 Ken Chu Ken Chu The Nobel Prize may not seem very relevant to many, but we can certainly draw lessons from its winners. Earlier this year, Peter Howitt – an honorary professor and fellow alumnus of Canada’s Western University – was awarded the Nobel Prize in Economic Sciences with two other professors for work on innovation-driven economic growth. Howitt’s work helped formalise the concept of creative destruction, which explains how economies evolve through cycles of renewal, where new companies and... https://www.scmp.com/opinion/hong-kong-opinion/article/3335769/how-hong-kong-can-capitalise-chinese-creative-destruction?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3335769/how-hong-kong-can-capitalise-chinese-creative-destruction?utm_source=rss_feed Sat, 13 Dec 2025 21:30:08 +0000 Eric Ng Eric Ng Hong Kong University of Science and Technology (HKUST) start-up Stellerus Technology aims to be the world’s first provider of satellite-enabled three-dimensional wind data to help wind power, transport and insurance firms boost revenues, cut costs and manage risks, according to its founders. Stellerus, founded in 2023 by the university’s academics, would leverage China’s cost competitiveness in satellite manufacturing to make global 3D wind data collection economically viable, said Su Hui, the... https://www.scmp.com/business/climate-and-energy/article/3330245/hong-kong-start-stellerus-eyes-worlds-first-supply-3d-wind-data-satellites?utm_source=rss_feed https://www.scmp.com/business/climate-and-energy/article/3330245/hong-kong-start-stellerus-eyes-worlds-first-supply-3d-wind-data-satellites?utm_source=rss_feed Sun, 26 Oct 2025 03:00:16 +0000 Mathias Woo Mathias Woo Hong Kong’s Northern Metropolis is more than a mere zoning plan; it is a crucial part of China’s development strategy and a pivotal step towards elevating the Greater Bay Area’s (GBA) global profile. With development now under way, the conversation must shift to a new realm: soft power. The Northern Metropolis should not be just another new town designed to address Hong Kong’s housing and industrial needs. Rather, it must emerge as a zone of cultural emancipation that takes the GBA’s development... https://www.scmp.com/opinion/hong-kong-opinion/article/3329196/more-tech-hub-northern-metropolis-can-be-cradle-culture?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3329196/more-tech-hub-northern-metropolis-can-be-cradle-culture?utm_source=rss_feed Fri, 17 Oct 2025 21:30:09 +0000 Regina Ip Regina Ip In his most comprehensive policy address yet, Hong Kong Chief Executive John Lee Ka-chiu mapped out dozens of policy measures to boost Hong Kong’s hub economy, help small and medium enterprises, shore up the property market, promote tourism, develop new tech-based industries, raise fertility and train talent, just to name a few. However, the emphasis on the economy should not divert attention from the key reforms outlined in Lee’s address, which – if successfully implemented – would have a... https://www.scmp.com/opinion/hong-kong-opinion/article/3326091/hong-kong-doubles-down-innovation-and-accountability-its-future?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3326091/hong-kong-doubles-down-innovation-and-accountability-its-future?utm_source=rss_feed Sun, 21 Sep 2025 01:30:09 +0000 Oscar Liu Oscar Liu Hong Kong has achieved record-breaking success at a US technology innovation event, securing 27 gold medals, 16 silver and eight special prizes. The innovation team from Lingnan University emerged as the biggest winner among the 50-strong delegation from eight institutions in its debut at the 11th Silicon Valley International Invention Festival, held in Santa Clara, California, from Friday to Sunday last week. It received 13 awards – eight gold medals and five prizes spanning fields such as... https://www.scmp.com/news/hong-kong/society/article/3321566/hong-kong-universities-shine-silicon-valley-tech-festival-record-51-awards?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3321566/hong-kong-universities-shine-silicon-valley-tech-festival-record-51-awards?utm_source=rss_feed Tue, 12 Aug 2025 08:09:58 +0000 Regina Ip Regina Ip The idea that Hong Kong could play a leading role in the global space economy was greeted with scepticism when I raised the possibility with Chief Executive John Lee Ka-chiu earlier this month. However, critics fail to realise that space technologies have permeated many aspects of our lives – from checking the weather and ordering our meals on our mobile phones to navigating our daily commutes and settling stock transactions in real time. A report published by the American consultancy firm... https://www.scmp.com/opinion/hong-kong-opinion/article/3317831/few-small-steps-hong-kong-giant-leap-chinas-space-sector?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3317831/few-small-steps-hong-kong-giant-leap-chinas-space-sector?utm_source=rss_feed Sun, 13 Jul 2025 01:30:07 +0000 Yulu Ao Yulu Ao Hong Kong start-up Syngular Technology has won a €100,000 (US$117,000) investment in the 2025 EQT Impact Challenge, after beating three other finalists in the pitch competition by impressing judges with its augmented-reality surgical system. By winning the challenge – designed to identify high-impact early-stage ventures in Hong Kong – the three-year-old company secured the investment from the EQT Foundation, founded by partners of the Swedish investment firm EQT. The competition, organised in... https://www.scmp.com/business/banking-finance/article/3317758/hong-kong-start-wins-eqt-impact-challenge-augmented-reality-surgical-system?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3317758/hong-kong-start-wins-eqt-impact-challenge-augmented-reality-surgical-system?utm_source=rss_feed Thu, 10 Jul 2025 13:26:52 +0000 Ningrong Liu Ningrong Liu As Shenzhen approaches 45 years as a special economic zone (SEZ), the importance of opening up in driving China’s progress was stressed by none other than Huawei Technologies founder Ren Zhengfei. “The more open the country becomes, the more it will drive our progress,” he told People’s Daily in a recent interview, speaking also of the importance of basic research, education and talent development. Soon after, the government outlined reforms to accelerate the development of hi-tech emerging... https://www.scmp.com/opinion/hong-kong-opinion/article/3314813/hong-kongs-research-strength-vital-chinas-third-wave-reform?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3314813/hong-kongs-research-strength-vital-chinas-third-wave-reform?utm_source=rss_feed Fri, 20 Jun 2025 21:30:08 +0000 Steve Williams Steve Williams Philanthropist and social entrepreneur Brian Yip’s passion for making a difference started early. Very early. Like, age five early. “My earliest memory is helping out at a book fair,” says Yip, founder of charitable platforms 1000 Suns and YouthCORE. “Back then my mum instilled in me the importance of service and being involved in my community,” taking him along to recycling events, helping pack food for homeless people and visiting elderly people living in cage homes. “As I got older, it taught... https://www.scmp.com/postmag/passions/article/3311531/meet-teenage-philanthropist-behind-1000-suns-and-youthcore?utm_source=rss_feed https://www.scmp.com/postmag/passions/article/3311531/meet-teenage-philanthropist-behind-1000-suns-and-youthcore?utm_source=rss_feed Thu, 29 May 2025 00:00:10 +0000 Agnes Sui-kuen Chan Agnes Sui-kuen Chan In the wake of Chief Executive John Lee Ka-chiu’s successful visits to Qatar and Kuwait, Hong Kong’s efforts to deepen connections with emerging markets are gaining strong momentum. The signing of 59 memorandums of understanding and agreements has laid the groundwork for advancing the city’s economic and cultural links with the Middle East. The visit underscores Hong Kong’s strategic role as a gateway connecting the Chinese mainland and the world and reflects the city’s strategy to diversify... https://www.scmp.com/opinion/hong-kong-opinion/article/3311562/how-hong-kong-can-reassert-its-global-edge-uncertain-world?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3311562/how-hong-kong-can-reassert-its-global-edge-uncertain-world?utm_source=rss_feed Mon, 26 May 2025 01:30:08 +0000 Amanda Sheppard Amanda Sheppard Hong Kong’s reputation as a city of high-achieving students continues to be well deserved, with the results of the 2023/24 Hong Kong Outstanding Students Award released in a ceremony held earlier this year, on January 11. Organised by the Youth Arch Foundation and supported by the Lion & Globe Education Trust, the Hong Kong Outstanding Students Award was established in 1985. To date, it has celebrated the academic prowess, involvement in extracurricular activities, and achievements in community... https://www.scmp.com/special-reports/article/3311490/celebrating-stellar-achievements-hong-kongs-outstanding-secondary-students?utm_source=rss_feed https://www.scmp.com/special-reports/article/3311490/celebrating-stellar-achievements-hong-kongs-outstanding-secondary-students?utm_source=rss_feed Sun, 25 May 2025 22:00:15 +0000 Trishna Mahtani,Morning Studio editors Trishna Mahtani,Morning Studio editors For almost 60 years, the Hong Kong Trade Development Council (HKTDC) has helped nurture innovative companies. Scores of local start-ups have grown and expanded into other countries thanks to the guidance provided by the trade promotion body through its support programmes, global network and international fairs and conferences. Over the past few years, Hong Kong’s RaSpect Intelligence Inspection – an enterprise that puts innovation at the heart of its business – has grown at pace thanks to help... https://www.scmp.com/native/business/companies/topics/supporting-businesses-they-grow/article/3309492/building-inspection-tech-company-raspect-evolves-hong-kong-start-global-player?utm_source=rss_feed https://www.scmp.com/native/business/companies/topics/supporting-businesses-they-grow/article/3309492/building-inspection-tech-company-raspect-evolves-hong-kong-start-global-player?utm_source=rss_feed Fri, 09 May 2025 04:00:09 +0000 Mike Rowse Mike Rowse What is Hong Kong’s answer to Singapore’s Economic Development Board or the mainland’s National Development and Reform Commission? We don’t really have an exact equivalent, perhaps in keeping with our historical stance on the economy, in which the private sector takes the lead and the government role is to facilitate and support. However, in an integrated global economy thrown into turmoil by US President Donald Trump’s tariff war, a lack of proper government oversight seems less... https://www.scmp.com/opinion/hong-kong-opinion/article/3308805/hong-kongs-economic-strategy-fit-changing-world?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3308805/hong-kongs-economic-strategy-fit-changing-world?utm_source=rss_feed Sun, 04 May 2025 08:30:08 +0000 Trishna Mahtani,Morning Studio editors Trishna Mahtani,Morning Studio editors Few prosperous businesses ever get started without the support of experts. The Hong Kong Trade Development Council (HKTDC) is one such expert, which has helped numerous start-ups achieve success since it was established in 1966. One of the trade promotion body’s missions is to provide Hong Kong companies with advisory services, resources, connections and promotional tools so that they can not only flourish but also expand their reach beyond the city’s shores. Its Start-up Express programme is... https://www.scmp.com/native/business/companies/topics/supporting-businesses-they-grow/article/3307679/hktdc-helps-panopticai-take-its-ai-powered-health-monitoring-app-global-stage?utm_source=rss_feed https://www.scmp.com/native/business/companies/topics/supporting-businesses-they-grow/article/3307679/hktdc-helps-panopticai-take-its-ai-powered-health-monitoring-app-global-stage?utm_source=rss_feed Mon, 28 Apr 2025 04:00:09 +0000 Sweeping lay-offs by the US Department of Government Efficiency have reportedly eliminated over 275,000 federal jobs and displaced skilled professionals in academia and the sciences, intensifying global talent competition. Faced with uncertainty, many are now seeking opportunities abroad. This has created a space for other countries and regions to step in, utilising flexible immigration policies, strong support systems and effective integration strategies to attract top-tier talent. Hong Kong... https://www.scmp.com/opinion/hong-kong-opinion/article/3307034/keep-talent-hong-kong-seamless-integration-key?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3307034/keep-talent-hong-kong-seamless-integration-key?utm_source=rss_feed Tue, 22 Apr 2025 01:30:09 +0000 When discussing Hong Kong’s and Singapore’s comparative advantages, pundits have often framed the narrative in Dickensian terms as “a tale of two cities”. Both economies are vibrant financial, trading and shipping hubs, and are in direct competition in many areas. Yet it would be delusional to hold Singapore up as Hong Kong’s chief rival. The supposed competition to attract touring pop stars and family offices distracts from fundamental differences in the structure and outlook of the two... https://www.scmp.com/opinion/hong-kong-opinion/article/3305198/hong-kongs-economy-needs-lean-and-mean-civil-service?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3305198/hong-kongs-economy-needs-lean-and-mean-civil-service?utm_source=rss_feed Sun, 06 Apr 2025 01:30:09 +0000 Lo Hoi-ying Lo Hoi-ying Hong Kong’s tech start-ups should focus on the practical applications of their products and “talk less” about artificial intelligence (AI) when pitching to the US market, the CEO of a government-backed innovation hub has said in a nod to geopolitical challenges. Albert Wong Hak-keung, CEO of the Hong Kong Science and Technology Parks Corporation, said on Sunday the city’s entrepreneurs could still learn a lot from Silicon Valley on the west coast of America, even amid Sino-US tensions. “The west... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3303513/hong-kong-tech-start-ups-eyeing-us-should-talk-less-about-ai-science-park-ceo?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3303513/hong-kong-tech-start-ups-eyeing-us-should-talk-less-about-ai-science-park-ceo?utm_source=rss_feed Sun, 23 Mar 2025 08:24:40 +0000 Great minds blazing a trail: meet the women who are leading the way in the realm of science and invention. See our other features on Megan Lam, Gina Jiang, Florence Chan and Wendy Lam. If you want to know how cells work on a genetic level, Angela Wu Ruohao is who you should ask. The bioengineer builds tools and methods that show us how DNA works, by creating technology that can read genetic information from individual cells in our body, allowing scientists to create maps of cell types and their... https://www.scmp.com/postmag/passions/article/3301311/she-tried-several-careers-found-her-niche-genetic-sequencing?utm_source=rss_feed https://www.scmp.com/postmag/passions/article/3301311/she-tried-several-careers-found-her-niche-genetic-sequencing?utm_source=rss_feed Wed, 12 Mar 2025 22:15:08 +0000 Lam Ka-sing Lam Ka-sing The Hong Kong government will grant land to companies that harness cutting-edge technology and have strong job creation prospects, such as those in artificial intelligence (AI) and life sciences, the financial secretary has said. Paul Chan Mo-po said on Tuesday he wanted to use the land offer to accelerate the development of the Northern Metropolis, while helping the city seize opportunities amid geopolitical tensions and AI’s reshaping of the global economy. He said authorities were making... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3301968/i-can-grant-you-piece-land-hong-kongs-paul-chan-eyes-ai-tech-firms?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3301968/i-can-grant-you-piece-land-hong-kongs-paul-chan-eyes-ai-tech-firms?utm_source=rss_feed Tue, 11 Mar 2025 11:44:22 +0000 PostMag meets five women who are at the top of their game and pushing the boundaries of scientific and technological discovery in Hong Kong. Here, editor Cat Nelson talks to Florence Chan, co-founder and CEO of AI Guided; Angela Wu, a professor at HKUST’s division of life science and department of chemical and biological engineering; Wendy Lam, founder of EzyGreenPak; Gina Jiang, managing director of the Hong Kong Institute of Biotechnology; and Megan Lam, co-founder of Neurum Health. Wendy Lam:... https://www.scmp.com/postmag/passions/article/3301395/women-stem-round-table-bias-barriers-and-breakthroughs?utm_source=rss_feed https://www.scmp.com/postmag/passions/article/3301395/women-stem-round-table-bias-barriers-and-breakthroughs?utm_source=rss_feed Tue, 11 Mar 2025 06:00:21 +0000 I was 18 when I founded Breer in 2020. I had barely started university. What I struggled with most was having to fit the shoes of an entrepreneur very early on. Everything happened so quickly, which was a good thing for Breer, a food upcycling craft beer brand, but meant I had to accelerate my pace of learning to keep up. I didn’t know much about setting up a company. I didn’t know how you maintain business relations. I went from pitching to friends and having them try the beers we were making... https://www.scmp.com/postmag/passions/article/3301404/meet-brewer-breaking-gender-and-age-barriers?utm_source=rss_feed https://www.scmp.com/postmag/passions/article/3301404/meet-brewer-breaking-gender-and-age-barriers?utm_source=rss_feed Mon, 10 Mar 2025 02:45:07 +0000 As an artificial intelligence (AI) craze sweeps across China following the rise of DeepSeek and Unitree Robotics, Hong Kong is eager to get on the bandwagon. In unveiling Hong Kong’s 2025-26 budget late last month, Financial Secretary Paul Chan Mo-po expressed enthusiasm about the prospect of turning the city into “an international exchange and cooperation hub for the AI industry”. As a result, he has earmarked HK$1 billion (US$128.6 million) to establish the Hong Kong AI Research and... https://www.scmp.com/opinion/hong-kong-opinion/article/3301422/hong-kong-must-avoid-jumping-ai-bandwagon-and-focus-what-it-does-best?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3301422/hong-kong-must-avoid-jumping-ai-bandwagon-and-focus-what-it-does-best?utm_source=rss_feed Sun, 09 Mar 2025 21:30:09 +0000 I am laughably bad at maths. I like to think of it as an endearing quality – a framing only possible because I live in an era of calculators on mobile phones. And to my credit, once you put letters in there, shockingly I improve. Calculus and trigonometry? I could scrape by in high school. Splitting a bill at the end of dinner? Don’t look at me. So, there’s no one I’m more in awe of than women in mathematics, science and related disciplines, and the topic immediately sprang to mind when we were... https://www.scmp.com/postmag/culture/article/3301466/week-postmag-5-women-leading-way-stem-woman-who-started-brewery-18-and-trip-luang-prabang-laos?utm_source=rss_feed https://www.scmp.com/postmag/culture/article/3301466/week-postmag-5-women-leading-way-stem-woman-who-started-brewery-18-and-trip-luang-prabang-laos?utm_source=rss_feed Sun, 09 Mar 2025 04:45:08 +0000 The financial challenges confronting Hong Kong, such as deficits and budget cuts, have generated significant debate and anxiety in the city. However, amid these discussions, a crucial aspect appears to have been overlooked – the potential for Hong Kong to explore new avenues for growth. With the rise of DeepSeek – developed in Hangzhou, Zhejiang province – some Chinese cities are questioning why they have not seen the emergence of similar tech start-ups. In Hangzhou, a group of six artificial... https://www.scmp.com/opinion/hong-kong-opinion/article/3301122/can-hong-kong-emulate-success-hangzhous-tech-titans?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3301122/can-hong-kong-emulate-success-hangzhous-tech-titans?utm_source=rss_feed Sun, 09 Mar 2025 01:30:08 +0000 When it comes to business between companies and governments – which has traditionally been a delicate dance – US president-elect Donald Trump and his “first buddy” Elon Musk, the world’s richest man, are redefining how it works. There have always been efforts to align the interests of the public and private spheres. The process has usually been more discreet. The apparent shift towards more open alignment isn’t exceptionally American. It seems to be happening in Hong Kong, too. “Conflicts of... https://www.scmp.com/opinion/hong-kong-opinion/article/3288656/appeals-business-leaders-patriotism-arent-what-hong-kong-needs?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3288656/appeals-business-leaders-patriotism-arent-what-hong-kong-needs?utm_source=rss_feed Mon, 02 Dec 2024 01:30:08 +0000 The resolution adopted at the Communist Party’s third plenary session outlines a strategic framework for Hong Kong’s development. It emphasises leveraging the “one country, two systems” principle to enhance Hong Kong’s status as a centre of international finance, shipping and trade. It also encourages the city to become a global hub for high-calibre talent. The resolution charts a new course for Hong Kong’s high-quality development, injecting significant momentum into the city’s governance and... https://www.scmp.com/opinion/hong-kong-opinion/article/3284742/how-hong-kongs-unique-strengths-can-drive-its-development?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3284742/how-hong-kongs-unique-strengths-can-drive-its-development?utm_source=rss_feed Sun, 03 Nov 2024 21:30:09 +0000 With five universities ranked among the top 100 globally, by Times Higher Education and Quacquarelli Symonds (QS), Hong Kong has a greater number of prestigious universities than even London and New York. In the era of the hub economy, competitive cities must expand beyond their traditional roles as commercial and financial hubs. As Hong Kong universities rise in global rankings, the question is whether the trend will propel the city into becoming a powerhouse of scientific research and... https://www.scmp.com/opinion/hong-kong-opinion/article/3282319/rise-tech-hub-hong-kong-must-fund-and-prioritise-innovation?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3282319/rise-tech-hub-hong-kong-must-fund-and-prioritise-innovation?utm_source=rss_feed Wed, 16 Oct 2024 21:30:07 +0000 Blessed by its strategic location, robust legal system and business-friendly environment, Hong Kong has regained its position as Asia’s top and the world’s third-ranking financial centre in 2024. However, to revitalise the economic ecosystem beyond the financial sector, Hong Kong should leverage its unique strengths embedded in the textile industry to develop innovative start-ups. To foster innovation, the Hong Kong government developed initiatives such as the Innovation and Technology Fund and... https://www.scmp.com/opinion/hong-kong-opinion/article/3280957/how-hong-kong-can-lead-way-sustainable-textiles?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3280957/how-hong-kong-can-lead-way-sustainable-textiles?utm_source=rss_feed Fri, 04 Oct 2024 08:30:13 +0000 Hong Kong is experiencing both contraction and growth in different sectors. While there is room for cautious optimism about its future, it is crucial for the government to develop a coordinated plan to stimulate the economy by retaining current enterprises and attracting new investments to ensure long-term success. Two contrasting narratives about Hong Kong may discourage investment. The property market has contracted, with residential prices falling 13.2 per cent year on year in the first... https://www.scmp.com/opinion/hong-kong-opinion/article/3278247/despite-setbacks-hong-kong-still-best-place-do-business?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3278247/despite-setbacks-hong-kong-still-best-place-do-business?utm_source=rss_feed Tue, 17 Sep 2024 01:30:08 +0000 Green development is now the consensus within the international community, especially as the devastating impact of climate change becomes ever more evident. President Xi Jinping has announced eight major steps to bolster high-quality cooperation under the Belt and Road Initiative, one of which emphasises green development. Last year marked the tenth anniversary of the Belt and Road Initiative, during which China signed over 200 cooperation agreements with more than 150 countries and over 30... https://www.scmp.com/opinion/hong-kong-opinion/article/3277776/hong-kong-should-be-front-lines-climate-finance?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3277776/hong-kong-should-be-front-lines-climate-finance?utm_source=rss_feed Tue, 10 Sep 2024 12:30:10 +0000 A Hong Kong-based environmental tech start-up has emerged as the winner of the second City I&T Grand Challenge for its innovative solution that aims to improve sapling survival rates in reforestation programmes. The competition attracted about 2,500 participants, including students and professionals from both Hong Kong and overseas. Ideas contributed by all participants all sought to enhance Hong Kong’s innovation and technology (I&T) landscape. The winning team, MetaGreenX, impressed judges... https://www.scmp.com/native/business/topics/award-winning-invention-impact/article/3277251/city-it-grand-challenge-drives-groundbreaking-solutions-nature-and-society?utm_source=rss_feed https://www.scmp.com/native/business/topics/award-winning-invention-impact/article/3277251/city-it-grand-challenge-drives-groundbreaking-solutions-nature-and-society?utm_source=rss_feed Fri, 06 Sep 2024 08:11:10 +0000 As a major beneficiary of deepening Sino-American trade relations during the two decades after the Cold War, Hong Kong has borne the brunt of the recent decade of deterioration in relations between China and the United States. From the trade war to the aftermath of the 2019 protests that led to international portrayals of Hong Kong and the Chinese mainland as indistinguishably one and the same, the city has been battered by daunting geopolitical headwinds in the eight years since Donald Trump’s... https://www.scmp.com/opinion/hong-kong-opinion/article/3272794/hong-kong-can-not-only-survive-thrive-us-china-rivalry?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3272794/hong-kong-can-not-only-survive-thrive-us-china-rivalry?utm_source=rss_feed Sun, 04 Aug 2024 01:30:11 +0000 Some of the world’s leading tech companies such as OpenAI and Google have decided to exclude Hong Kong from the list of markets where their advanced, generative artificial intelligence (AI) services like ChatGPT are available. Such decisions were made by those companies themselves rather than the Hong Kong government. Unfortunately, the restrictions may be the result of a lack of communication, and misunderstandings between the private sector and the Hong Kong government. OpenAI launched ChatGPT... https://www.scmp.com/opinion/china-opinion/article/3272443/hong-kong-cant-afford-lose-out-generative-ai?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3272443/hong-kong-cant-afford-lose-out-generative-ai?utm_source=rss_feed Thu, 01 Aug 2024 01:30:11 +0000 Natalie Wong Natalie Wong The group of Hong Kong visitors to Novoloop, a start-up in Silicon Valley’s Menlo Park, cannot miss the sneaker placed on a laboratory bench alongside test tubes and machinery. Describing the company’s progress, chief executive and climate tech entrepreneur Miranda Wang said it took years of research to turn hard-to-recycle plastic waste into a sturdy new material, thermoplastic polyurethane. That was used for the multipurpose sneaker’s outsole, the part that hits the ground, and the new... https://www.scmp.com/news/hong-kong/society/article/3271760/what-can-hong-kong-learn-silicon-valley-push-create-it-start-hub?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3271760/what-can-hong-kong-learn-silicon-valley-push-create-it-start-hub?utm_source=rss_feed Thu, 25 Jul 2024 00:30:58 +0000 National industrial strategies, the subject of intense study and debates in the 1980s in the wake of the phenomenal success of Japan’s industrial economy, have returned to the centre stage of global attention. Much of this stems from the fact that two of the world’s largest economies, the US and China, have focused more on industrial policy. In August 2022, US President Joe Biden signed into law two pieces of legislation, the Chips and Science Act and the Inflation Reduction Act, which provided... https://www.scmp.com/opinion/china-opinion/article/3271063/late-game-hong-kongs-big-splash-tech-must-pay?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3271063/late-game-hong-kongs-big-splash-tech-must-pay?utm_source=rss_feed Sun, 21 Jul 2024 01:30:08 +0000 Peggy Sito Peggy Sito Five Hong Kong start-ups have embarked on a six-month tour of Silicon Valley to showcase the city’s innovativeness and raise funds from venture capitalists in the world’s largest technology market, said the incubator behind the programme. “Hong Kong’s market is small, we have to look for business opportunities overseas,” said Albert Wong, the chief executive of the Hong Kong Science and Technology Parks Corporation (HKSTP), adding that the road show is aligned with the incubator’s “bring in and... https://www.scmp.com/business/companies/article/3267816/novelte-and-4-hkstp-start-ups-head-silicon-valley-display-hong-kongs-innovations?utm_source=rss_feed https://www.scmp.com/business/companies/article/3267816/novelte-and-4-hkstp-start-ups-head-silicon-valley-display-hong-kongs-innovations?utm_source=rss_feed Tue, 25 Jun 2024 00:30:10 +0000 A conversation I had with the late David Akers-Jones, who served as chief secretary before 1997, spotlights how much the government’s economic policymaking has changed from its old market-driven, freewheeling days. That was around 2016. Musing over Hong Kong’s growth possibilities and looking westward towards Hong Kong’s outlying islands from his West Kowloon flat, Akers-Jones quipped that the next chief executive would have many ribbons to cut at opening ceremonies of major infrastructure... https://www.scmp.com/opinion/hong-kong-opinion/article/3267497/hong-kong-must-boldly-innovate-faster-keep-times?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3267497/hong-kong-must-boldly-innovate-faster-keep-times?utm_source=rss_feed Sun, 23 Jun 2024 01:30:11 +0000 Economist Stephen Roach’s comment that “Hong Kong is over” has sparked renewed discussion about the city’s future. His views are part of a broader trend in recent years that consistently underestimates China’s potential. While these opinions are worth noting, they should not erode confidence in Hong Kong’s development prospects. In 2012, I wrote an op-ed for the Post mentioning the prediction that Hong Kong would surpass New York as a global financial centre. I’ve had the privilege of working at... https://www.scmp.com/opinion/china-opinion/article/3266010/sceptics-say-hong-kong-over-chinas-trajectory-says-otherwise?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3266010/sceptics-say-hong-kong-over-chinas-trajectory-says-otherwise?utm_source=rss_feed Wed, 12 Jun 2024 01:30:09 +0000 Start-up accelerators and incubators are setting up offices in Hong Kong, as they aim to nurture dozens of global start-ups in collaboration with the Hong Kong-Shenzhen Innovation and Technology Park (HSITP) to support the city’s goal to become an international tech hub. ATLATL Innovation Centre – a Shanghai-headquartered biomedical research accelerator with offices in Beijing, Shenzhen and Singapore – will invest HK$50 million (US$6.39 million) in the next three years to build a team in Hong... https://www.scmp.com/business/companies/article/3259818/global-accelerators-and-incubators-set-hong-kong-branches-bring-start-ups-city-cultivate-local?utm_source=rss_feed https://www.scmp.com/business/companies/article/3259818/global-accelerators-and-incubators-set-hong-kong-branches-bring-start-ups-city-cultivate-local?utm_source=rss_feed Mon, 22 Apr 2024 00:30:22 +0000 Hong Kong medical researchers are worried their work could be affected by a United States move to restrict sharing large volumes of sensitive personal data to “countries of concern” including China. While the full details are not known yet, some medical research heavyweights said the action, coming at a time of heightened Sino-American tensions and ahead of this year’s US presidential election, was clearly politically motivated and could hurt their work. Others were more sanguine and said that... https://www.scmp.com/news/hong-kong/health-environment/article/3255668/hong-kong-scientists-worry-bidens-executive-order-restrict-sharing-bulk-data-will-hurt-research?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3255668/hong-kong-scientists-worry-bidens-executive-order-restrict-sharing-bulk-data-will-hurt-research?utm_source=rss_feed Sun, 17 Mar 2024 00:30:08 +0000 About 900 technology companies this year chose to establish a foothold in Hong Kong amid efforts to transform the city into an innovation hub, with some business leaders urging authorities to introduce policies to help grow their respective fields. The government said the Hong Kong Science Park, a tech hub in Pak Shek Kok, welcomed 400 companies over the past 12 months, a year-on-year increase of 18 per cent, with 20 per cent of the businesses coming from mainland China or overseas. Over at... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3238918/900-technology-companies-drawn-hong-kong-amid-citys-innovation-drive-business-leaders-call-targeted?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3238918/900-technology-companies-drawn-hong-kong-amid-citys-innovation-drive-business-leaders-call-targeted?utm_source=rss_feed Mon, 23 Oct 2023 23:30:24 +0000 The StartmeupHK Festival, Hong Kong’s government-backed annual showcase for young technology companies, aims to attract more than 20,000 attendees to its first fully physical event since the Covid-19 pandemic, as the city woos global talent and investment in a push to become an innovation hub. The conference will take place from November 8 to 17 this year, with events covering themes from health and environmental technologies to Web3 and property tech, according to InvestHK, Hong Kong’s... https://www.scmp.com/tech/policy/article/3237458/hong-kong-start-festival-strives-draw-20000-attendees-amid-citys-push-be-tech-hub?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3237458/hong-kong-start-festival-strives-draw-20000-attendees-amid-citys-push-be-tech-hub?utm_source=rss_feed Tue, 10 Oct 2023 10:30:19 +0000 Amaanat Rekhi’s path to becoming an innovator started when she saw a robot called Geminoid F singing at a Hong Kong shopping centre as a child, igniting a passion that led to her interviewing technology leaders and deciding to embark on her own journey. The 16-year-old is now setting her sights on developing a solar-powered robot that can collect waste from public areas, such as beaches. She has taken also on an internship with Hanson Robotics, a technology company internationally renowned for... https://www.scmp.com/news/hong-kong/society/article/3236825/spirit-hong-kong-awards-teenage-prodigy-dabbles-robotics-teaches-technology-and-fights-sustainable?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3236825/spirit-hong-kong-awards-teenage-prodigy-dabbles-robotics-teaches-technology-and-fights-sustainable?utm_source=rss_feed Fri, 06 Oct 2023 02:00:08 +0000