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 companies have made their debut at the Hong Kong Fintech Week and StartmeupHK, which kicked off on Monday, aiming to leverage the city as a gateway to access the mainland market. Among them is a Canadian company, SBI BioEnergy, that specializes in producing renewable fuels. Jag Singh, from SBI BioEnergy, expressed his firm's willingness to contribute to the SAR’s green aviation development and to explore opportunities in the mainland market.
He emphasized the global demand for sustainable aviation fuel and the modular nature of SBI BioEnergy's technology, which allows for control over the hydrogen production and conversion system.
Singh highlighted the importance of IP protection and the city's favorable environment for such firms, stating that Hong Kong serves as a perfect springboard to the rest of Asia and China. Canadian firm Deep Sky, which focuses on carbon removal, is also participating in the event. Charlie Renzoni, from Deep Sky, noted the significant number of energy infrastructure firms, financiers, and trading companies in both mainland China and internationally, noting a strong connection between Hong Kong, the mainland, and the rest of the world.
MoneyStation, a Korean firm specializing in AI-powered investment intelligence, decided to make Hong Kong its first overseas stop. Its founder, James Lee, praised the city's role as a pioneer in adapting new financial business models, such as cryptocurrencies, stock markets, and asset management. Lee added that the annual event provided an opportunity to seek strategic business partners in the region.
Written by urgent.news from RTHK News - Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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