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Hong Kong: An International Hub for Startups

Startup Community

There have been many government initiatives with respect to the Great Bay Area, which intend to combine Hong Kong's financial system with China's human capital resources, technological ecosystem and large-scale consumer markets.

Don't miss the opportunity to become part of the world's fifth-fastest growing startup ecosystem here.

Hong Kong Introduces New Patent System

Hong Kong has launched a new patent system on December 19, 2019, marking a milestone in the city’s development as an innovation hub and IP trading centre. The new system reduces patenting costs and speeds up the approval process, bringing greater convenience for R&D professionals.

You can read more about how the new patent system will facilitate the development of Hong Kong as an innovation and IP trading hub here.

Hong Kong's FinTech Environment

Hong Kong has seen extensive activity in its startup ecosystem, with an estimated 3,000+ startups. This can be attributed to (among other factors) its unique positioning that allows fast and high scalability. Hong Kong’s active FinTech sector can be attributed to the city’s supportive ecosystem with the HKSAR Government also gearing up for the evolution of the FinTech era.

You can read more about Hong Kong's FinTech environment here.

2020-21 Budget Announced

The Financial Secretary, Mr Paul Chan, announced on February 26th the 2020-21 Budget Plan which includes a wide range of measures helping Hong Kong tackle the current economic difficulties and supporting the community during challenging times by making optimal use of the fiscal reserves.

Read more about how the new budget plan will support enterprises and innovation here.

A Logistics Hub Too

Hong Kong, strategically located in the heart of Asia, has long served as the premier hub of professional capabilities for Mainland China and Asia Pacific as a whole. Hong Kong is not only a big financial center but also one of the most important logistics hubs in the world.

You can read more about how Hong Kong will continue to help facilitate global business and commerce here.