Foreign firms debut in HK to access mainland market
A number of foreign companies have made their debut at the annual Hong Kong Fintech Week and StartmeupHK that commenced on Monday, hoping to use the SAR as a springboard to tap into the mainland market. They include a Canadian company that produces renewable fuels. Jag Singh from SBI BioEnergy noted that his firm can contribute to the SAR’s green aviation development, and hopes to also explore…
Foreign firms have made their debuts at the Hong Kong Fintech Week and StartmeupHK, which began on Monday. Their goal is to utilize the Special Administrative Region (SAR) as a stepping stone to enter the mainland market. Canadian company Jag Singh from SBI BioEnergy, which produces renewable fuels, highlighted the global shortage of sustainable aviation fuel and the need for blending sustainable aviation fuel.
He added that they aim to expand further in Asia through Hong Kong. Singh emphasized the importance of IP protection to safeguard their patented processes, as it is a significant investment for the company. Canadian firm Deep Sky, which specializes in carbon removal, is also participating in the event. Charlie Renzoni from Deep Sky noted the presence of numerous companies developing energy infrastructure in the mainland and internationally, financiers financing those projects, and trading firms trading the products.
Renzoni believes there is a crucial connection between Hong Kong, the mainland, and the rest of the world. Korean firm MoneyStation, which focuses on AI-powered investment intelligence, chose Hong Kong as their first overseas destination. James Lee, the founder of MoneyStation, cited Hong Kong's pioneering role in adopting new financial business models like cryptocurrencies, stock markets, and asset management. He also saw the annual event as an opportunity to seek strategic business partners.
Written by urgent.news from RTHK News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
