New financing platform energizes Hong Kong startup scene – ejinsight

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Can you imagine what Hong Kong will look like 10 or 20 years from now? By that time, can we still rely on the four major industries currently accounting for nearly 60 percent of GDP – trading and logistics, tourism, financial services, and professional services – and continue to enjoy prosperity and stability with a per capita GDP still among the world’s top 20, higher than Germany, Canada or the United Kingdom?

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New business matching platform to unlock Hong Kong’s startup potential through financing – Harbour Times

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The Hurun Greater China Unicorn Index published last month by the Hurun Research Institute listed 120 “unicorn" startups with a valuation of at least US$1 billion (HK$7.8 billion) each, with a combined overall valuation exceeding three trillion yuan.

New Board should take the role of startup financing – Harbour Times

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The new economy in Hong Kong is sluggish as evident from the low uptake of finance for startups. The total market capitalisation of the new economy in the Nasdaq and the New York Stock Exchange accounted for 59% and 44% respectively while merely 3% in Hong Kong over the past 10 years, according to the Hong Kong Stock Exchange. The market capitalisation of industries such as pharmaceuticals, biotechnology and life sciences, healthcare equipment and software & services, only represented 1% of the total!