Have you ever wondered why Hong Kong as an international financial center is unable to produce even one financial technology (fintech) “unicorn"? That is: a startup with a valuation of over $1 billion. Meanwhile, mainland China has 17 unicorns with a total valuation exceeding $111 billion, according to Hurun Greater China Unicorn Index released last month. Two international consultants, KPMG and McKinsey, also confirmed China’s leading position in the global fintech arena. 繼續閱讀
When I heard that Mr John Tsang Chun-wah, former Financial Secretary, had announced a crowdfunding campaign to raise funds for his Chief Executive election, I applauded his high-profile action. Whether you support this candidate or not, his action will certainly raise awareness of the emerging fund-raising activities in Hong Kong. 繼續閱讀
The 2017 Policy Address and the 2017-18 Budget will soon be released in January and February respectively.
For a long time, Hong Kong has been troubled by problems such as lack of upward mobility for young people, a shortage of usable land, a widening gap between the rich and the poor, a lack of diversity in business sector and slow economic growth. During the past year, I have been exchanging views with members of Smart City Consortium, experts and organisations in the field. The realisation of Smart City could provide answers for many of the challenges Hong Kong faces. The measures to be proposed in the Policy Address and the Budget could benefit from these recommendations: 繼續閱讀