CUHK Innovation Limited’s Post

| 𝐇𝐨𝐧𝐠𝐊𝐨𝐧𝐠𝐄𝐜𝐡𝐨 𝟏𝟎𝟗 - 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐟𝐫𝐨𝐦 Alain Li | Dive into the 109th edition of 𝐻𝑜𝑛𝑔𝐾𝑜𝑛𝑔𝐸𝑐ℎ𝑜, where we shine a spotlight on the dynamic world of SMEs and entrepreneurs in Hong Kong. In this edition, Alain Li, President of the French Chamber, shares invaluable insights on how Hong Kong's unique blend of geographical advantage, business-friendly environment, and international expertise creates a thriving hub for SMEs. From pioneering fintech and biotech to flourishing traditional industries like retail and hospitality, Hong Kong offers unparalleled opportunities for growth and innovation. 📈 "Hong Kong offers unrivalled opportunities to establish a strong foothold for businesses, providing access not only to Hong Kong's vibrant economy but to the entire Asia Pacific region." - Alain Li Explore how SMEs are leveraging new technologies and the Greater Bay Area’s expansive market. Learn how the French Chamber in Hong Kong supports SMEs with essential services, a robust network, and access to government agencies. 🔗 https://lnkd.in/ga8GJyNN Don’t miss out on these stories and more! Read the latest issue of 𝐻𝑜𝑛𝑔𝐾𝑜𝑛𝑔𝐸𝑐ℎ𝑜 and be inspired by the entrepreneurial spirit driving Hong Kong’s economic evolution. #fccihk

Kung Shing LAM (Peter), FRM, CAIA, CESGA, Researcher, 團結香港基金 Our Hong Kong Foundation, indicated the issue of homogeneous development of entrepreneurial services in Guangzhou, particularly in innovation and entrepreneurial bases for youths from Hong Kong and Macao, private incubators, etc.   How can various innovation and entrepreneurial bases collaborate, coordinate, and divide their work to achieve staggered development and complementarity? To encourage service enhancement of the bases, what measures can the Guangzhou and Hong Kong government implement so as to provide start-ups with more human resources and better living facilities?   Read more: https://bit.ly/47lsKdH   Opportunities and Challenges for Hong Kong Youths on their Entrepreneurial Journey in Guangzhou Full Report: https://bit.ly/4dd6dle   Press Release: https://bit.ly/3SoyWLP

Thanks Hong Kong Economic Times (香港經濟日報HKET) for the interview. 100億創科產業引導基金 投資5領域 https://lnkd.in/gUKx9EZU The recent Policy Address by the Chief Executive of HKSAR marks a significant advancement in Hong Kong's commitment to fostering a robust innovation and technology ecosystem. The establishment of the "Innovation and Technology Industry‑Oriented Fund" with an impressive allocation of HKD 10 billion as a fund-of-funds underscores the government's strategic focus on developing comprehensive industrial chains. By delineating five specialized sub-funds targeting critical sectors such as life health technology, artificial intelligence and robotics, semiconductors and smart devices, digital transformation, and sustainable development, the policy ensures targeted investment in areas with high growth potential. The favorable 1:3 government-to-private investment ratio not only maximizes the impact of public funds but also attracts substantial private capital, further strengthening Hong Kong's position as a leading innovation hub. Moreover, the initiative to bolster Hong Kong's startup ecosystem through the reallocation of HKD 1.5 billion from the "Innovation and Technology Venture Fund" demonstrates a forward-thinking approach to nurturing early-stage enterprises. By increasing the venture capital matching ratio from 1:2 to 1:3, the policy effectively incentivizes more venture capital firms to engage in co-investment, thereby enhancing the availability of crucial funding for startups up to their Series B rounds. This enhanced support structure is pivotal in accelerating the growth and scalability of innovative startups, fostering a vibrant and dynamic entrepreneurial environment that can drive long-term economic growth and diversification. Additionally, the focus on developing the low-altitude economy highlights Hong Kong’s dedication to embracing cutting-edge technologies and expanding its logistics capabilities. The planned pilot programs for drone deliveries and the strategic research into necessary infrastructure such as charging stations and landing sites reflect a proactive stance towards integrating new technologies into the urban landscape. Collaborative efforts with mainland China to establish cross-border low-altitude air routes will not only enhance regional economic integration but also position Hong Kong as a frontrunner in the emerging field of low-altitude logistics. Overall, these comprehensive policy measures collectively reinforce Hong Kong's ambition to be a global leader in innovation and technology, driving sustainable growth and establishing a resilient and diversified economic foundation. #PolicyAddress #InnovationAndTechnology #ITIOF #ITVF #LowAltitudeEconomy #Drone #FlyingTaxi #HKET

US remains a key destination for attracting funds and start-ups to Hong Kong, said Alpha Lau, Director General of Invest Hong Kong, during a California trip. American tech firms showed interest in investing in the Greater Bay Area, which includes Hong Kong, Macau, and nine Guangdong cities. Lau, part of a delegation led by Financial Secretary Paul Chan, signed a memorandum with the Bay Area Council to promote the green economy and sustainable development. “American firms are vital to Hong Kong’s innovation ecosystem, with 12% of the city’s 4,300 start-ups having American origins,” Lau noted. In the first four months of this year, 20% of the 198 companies Invest Hong Kong helped establish in Hong Kong were American. Key sectors for future growth include AI, health science, and green energy. The Hong Kong delegation also attended a “Bay to Bay” dialogue to strengthen ties between southern China’s bay area and the San Francisco Bay Area. They joined a US-China climate change talk in Berkeley, meeting green tech and infrastructure representatives. In 2021, Invest Hong Kong established a dedicated team led by Lau to promote Hong Kong as a leading hub for family offices. The city’s treasury chief said in April that more than 130 family offices were planning to set up or expand their operations in Hong Kong, with about three-fifths of them based on the mainland. #Growth #Investment #Economy #Tech #Innovation #Startup #Transformation #AI #Trade #Finance #FamilyOffices #Sustainability I FamilyOfficeHK I Brand Hong Kong I South China Morning Post SCMP I Natalie Wong

This great article in the Financial Times gives some additional texture to academic work of mine with Feng Zhu (Harvard Business School), Ke Rong (Tsinghua University), and Di Zhou (Tongji University) about entrepreneurship (VC entry and investment) after promulgation of the Chinese antitrust platform guidelines. The anti tech push seems to have chilled Chinese VC. This suggests thinking about the unintended consequences of tech regulation. https://lnkd.in/guqbb2Vn https://lnkd.in/gK9ac453 #ft #antitrust #competitionlaw #china #vc #venturecapital #entrepreneuship #regulation #hbs #harvard #usc #uscmarshall #tsinghua #tongji

Hong Kong's innovation and technology sector has seen strong development in the last few years and is a key economic area that the government seeks to develop further. As Hong Kong works to build more productive ecosystems for innovation and entrepreneurship, what role can universities and academia play? How do Hong Kong's efforts compare to those of its neighbors in building a better, more robust future for innovators and entrepreneurs? Join our esteemed experts for an in-depth discussion on 'Fostering Innovation and Entrepreneurship: From Southeast Asia to Hong Kong' on Monday, February 26 at the Asia Society Hong Kong Center. Pietro Borsano of Chulalongkorn School of Integrated Innovation Crystal Fok of HKSTP - Hong Kong Science and Technology Parks Corporation Charleston Sin of MCommerce Online Limited Marina Chan of MIT Hong Kong Innovation Node To join the event, please follow the link below: https://lnkd.in/gGD5Smh6 #hkstp #technology #innovation #entrepreneurship #asia #hongkong #innovationandtechnology #ASHKHeritageSite12 #ASHK #southeastasia

Sometimes the universe puts people in your path for a reason. Ronald and I have a professional friendship and a shared passion, proving that doing well and doing good can sit together in business and finance. Ronald is proudly indigenous to Hong Kong and through his family office a champion of its rejuvenation. He personally devotes his time and resources to crossing the East/West divide to promote Hong Kong and its role in the Greater Bay Area. He is also a lifelong value investor, author and advocate on businesses that create value to society. These sit well with the direction of travel for sustainable finance and are close to my heart. Some thoughts triggered by the roundtable discussion (I am respecting Chatham House rule): 💡 Entrepreneurial families are powerful ambassadors on driving positive change. Whilst the financial sector is focused on capturing assets, their voice and connections to their communities and across global networks can help influence investment choices and business attitudes in a region. 💰 Sustainable finance innovation can help drive global competitiveness. As capital markets evolve there is an opportunity to innovate and build market infrastructure for future structural investment trends. Regions become more powerful working as one rather than competing internally. Carbon markets present a huge opportunity in Asia if the integrity kinks can get ironed out. 🌳 Asia, especially China, will end up leading on sustainability and sparking entrepreneurial energy to support development and prosperity. Asia has drive and is adept at the art of the hustle. The needs of its population and the strain on resources will make this an imperative. Hong Kong has taken a battering reputationally which I don't need to go into. Yet it remains a vibrant, entrepreneurial city with a deep capital market and the most incredible 'can-do' energy. It will always be home to me. Samuel S. Wu good to see you by Ronald's side championing Hong Kong in London. Gilford L. and Daisy I. thank you for championing Hong Kong in London and the debate on sector focus. Pleasure to meet other attendees and supporters for a stimulating and positive discussion. Chartwell Family Partners InvestHK London #hongkong #sustainablefinance #greenasia #eastmeetswest #familyoffices #metamorphosis

"Hong Kong is strategically vital for capturing Chinese capital or finding Chinese partners. Conversely, Chinese companies also come to Hong Kong for internationalisation. For Mexican companies seeking capital or technological partners, Hong Kong serves as an excellent gateway. As a small economy dependent on trade and the financial sector, Hong Kong has taken significant steps in recent years to diversify into industries such as fintech, technology, and creative industries. Numerous programs, incubation facilities, and support for startups in these sectors make Hong Kong an ideal location for international projects." GBA LatAm Trade and Investment Advisors #gbalataminsights Thanks to Mexico Business and Fernando Mares for the interview on Hong Kong's strategic role in doing business in China and Asia.

I have openly criticized some Chinese local governments for aggressively loaning out to SOE’s and putting high rise buildings in the middle of nowhere and building artificial CBD hoping to attract businesses. What took Manhattan hundreds of years to build can be built in China within 3-5 years. While that is very impressive from the outside, it’s rather hallow inside. Economic growth can have leaps and bounds from time to time. Yet it’s a lot more solid when you allow the private sector to take its time to build business cases and analyze the profit and loss before making a big capital expenditure decision.

【Release of Policy Advocacy Report】 【Building Hong Kong as a Cradle for Successful Entrepreneurship】 團結香港基金 Our Hong Kong Foundation (OHKF), in strategic partnership with Alibaba Entrepreneurs Fund, is launching its latest policy advocacy report entitled Building Hong Kong as a Cradle for Successful Entrepreneurship. Start-ups are a crucial driver in promoting Hong Kong's innovation and entrepreneurship. Cultivating a vibrant start-up ecosystem will not only bolster the city's economic development and support industrial transformation and upgrading but will also advance the vision of transforming Hong Kong into an international innovation and technology centre. Combining stakeholders' insights and international case studies, OHKF puts forward 14 policy recommendations to stimulate the growth of Hong Kong's start-up ecosystem across five key areas: education, technology transfer, financing, market expansion and attracting talent and enterprises. The report aims to rally the efforts of all sectors in creating a robust start-up environment, and to foster the development of more innovative and competitive talents and start-ups. Date: 21 Mar, 2024 (Thursday) Time: 11:00-12:00 Language: Cantonese #OurHongKongFoundation #OHKF #entrepreneurship #startup #talent