John Lee urges start-ups to seize opportunities through ‘golden gateway’ of Hong Kong
Hong Kong’s leader has called on scientists, leading enterprises and investment institutions from around the world to seize opportunities in the city, describing it as a “golden gateway” for overseas companies to enter the mainland Chinese market and mainland unicorn firms to expand globally. Speaking at the first Global Unicorn Summit on Monday, Chief Executive John Lee Ka-chiu made a familiar…
Chief Executive John Lee Ka-chiu of Hong Kong urged global scientists, prominent enterprises, and investment institutions to capitalize on the city's unique advantages as a "golden gateway" for international expansion. During the inaugural Global Unicorn Summit, Lee emphasized Hong Kong's role as a "superconnector and super value-adder" bridging mainland China and the world, highlighting the city's leading capital market, common-law system, low-tax environment, extensive trade network, and talent pool.
He also stressed Hong Kong's role as a testing ground for technological innovations and a launchpad for global expansion, citing the city's incubation of 20 unicorns in the past decade and its current hosting of over 11,000 mainland and overseas companies. Lee further outlined the government's plans to develop the city as a global innovation and talent hub, focusing on the I&T sector under China's 15th five-year plan.
Secretary for Innovation, Technology and Industry Sun Dong pledged support for start-ups by expanding "patient capital" and announced the launch of the Innovation and Technology Industry-Oriented Fund, allocating HK$10 billion (US$1.3 billion) in investments across five key areas, such as life and health technology, artificial intelligence, and semiconductors.
Written by urgent.news from South China Morning Post - Hong Kong's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
