Test: Inno-tech integration ‘key catalyst’ for growth in Hong Kong

During President Xi's visit to Hong Kong, he pledged support for aligning with national development strategies, including the Greater Bay Area and the Belt and Road Initiative, enhancing Hong Kong's innovation and technology potential. Business chambers emphasize integrating Hong Kong's inno-tech sector with the Greater Bay Area for growth. The San Tin Technopole under the Northern Metropolis Development Strategy aims to facilitate research and development synergy. Policies should focus on industry promotion, technology startups, and manufacturing sector support.

Hong Kong has experienced a surge in startups, with venture capital investment increasing significantly. The SAR government supports innovation and technology with funding programs and initiatives to stimulate the tech ecosystem. The Greater Bay Area integration offers opportunities for technological innovation. The new SPAC listing regime in Hong Kong attracts high-quality enterprises to go public in the city. The Crane’s Nest project digitizes historical buildings in the metaverse for preservation.

The global art market shifted online due to COVID, with Hong Kong becoming the second-largest art auction market in 2020. Christie’s, Sotheby's, and Phillips saw record sales in Hong Kong, attracting Asian buyers. The city's reputation in trading Chinese antiques and fine art makes it a hub for international collectors and dealers. Hong Kong's legal system and strategic location contribute to its appeal for art investment.

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