Hong Kong offers a wide range of incubation and accelerator schemes to help you progress on your I&T journey. This guide provides information on those offered by Hong Kong Cyberport and Hong Kong Science and Technology Parks. Incubation programmes provide an entry point and soft landing into Hong Kong’s rich and vibrant I&T ecosystem.
The SME Export Marketing Fund provides financial assistance to Hong Kong-based small and medium enterprises in their overseas expansion endeavours, specifically in their export promotion activities. The guide sets out the eligibility criteria, funding scope, expenditure items within the ambit of the EMF, the level of funding support and types of application in detail.
One of Hong Kong’s key appeals lies in its wide range of admission schemes for foreign talents, professionals and entrepreneurs. In the 2022 Policy Address, Hong Kong’s Chief Executive underscored the importance of embarking on an all-out quest for global “top-notch talents”. This guide seeks to provide information on the different schemes currently available under which quality talents can be admitted into Hong Kong.
Hong Kong’s Chief Executive, Mr John Lee, delivered his maiden policy address on 19 October 2022, fleshing out the details of a comprehensive blueprint for the next five years and setting out the key priorities in a wide range of areas. Hong Kong will continue to give full scope to its long-held strengths and role as an international financial, trade and shipping hub.
In Hong Kong, the Electronic Transactions Ordinance confers equal legal effect on electronic records used in contract formation and electronic signatures as their paper counterparts. Contracting online is subject to the same requirements as contracting offline.
The Hong Kong Monetary Authority has recently announced that it will be trialling the e-HKD digital currency from the fourth quarter of 2022. It is almost a given that the e-HKD will be a disruptor to the existing financial ecosystem, bringing along with it a unique set of benefits and challenges.
Hong Kong brings the Companies Register’s New Inspection Regime into operation phase by phase from August 2021 to December 2023 to limit the disclosure of personal data in the Companies Registry. Under Phase 2 of the new inspection regime, usual residential addresses and full identification numbers on the Index of Directors on the Companies Register are replaced with correspondence addresses and partial identification numbers for public inspection.
Hong Kong and Shenzhen have joined hands to develop a preeminent global innovation and technology hub in the Shenzhen-Hong Kong Innovation and Technology Co-operation Zone (“Co-operation Zone”) at the Lok Ma Chau Loop. A joint policy package has been introduced to promote collaboration and the “synergistic development” of the Co-operation Zone, setting out a wide array of funding schemes, support measures and resource-sharing initiatives available to qualified enterprises.
Signed by 15 countries including China and 10 ASEAN member states in November 2020, the Regional Comprehensive Economic Partnership (RCEP) is the world’s biggest free trade agreement. Companies – whether they be local or foreign-invested – in the GBA stand to benefit hugely from the intensification of cooperation between China and the ASEAN region.
The trailblazing, going-against-the-grain spirit of fintech has swept through the financial and banking sectors, entirely reshaping the landscape of financial products
