{
  "id": 6560075,
  "title": "Hong Kong ready to be biotech bridge, says Paul Chan",
  "url": "https://urgent.news/2026/09/10/hong-kong-ready-to-be-biotech-bridge-says-paul-chan-6560075",
  "topic": "world",
  "section": "World",
  "published": "2026-09-10T08:06:41.000Z",
  "source": {
    "name": "RTHK News",
    "slug": "rthk-news",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1869541-20260910.htm"
  },
  "original_language": "en",
  "account": "Financial Secretary Paul Chan declared Hong Kong poised to become the premier biotechnology bridge connecting global capital with Chinese biotech advancements, during a speech at the Biotechnology Investment Forum of BIOHK2026. He highlighted that global biotech fundraising surged to approximately US$70 billion last year, marking a 10% increase, and the value of deals hit an all-time high of US$300 billion. Chan attributed this growth to factors such as aging populations, escalating healthcare demands, and technological advancements, including AI's role in drug discovery.\n\nHe emphasized Hong Kong's status as the world's second-largest biotech fundraising hub, with nearly 300 healthcare firms listed on the Hong Kong Stock Exchange, boasting a combined market capitalization surpassing US$480 billion. Chan further underscored that a listing on the Hong Kong Stock Exchange serves as a bridge, enabling emerging pharmaceutical companies to access global capital while allowing international investors to engage with Chinese innovation. Additionally, he cited the Hong Kong Investment Corporation's allocation of 22% of its funds to the biotech sector and the Greater Bay Area as a burgeoning center for biomedical innovation.\n\nChan reiterated that the convergence of capital, talent, enterprises, and industry presents substantial opportunities for the biotech sector. He stressed that scientific progress, social benefit, and sustainable returns can and should progress hand in hand.",
  "summary": "Financial Secretary Paul Chan said Hong Kong stands ready to be the \"partner of choice\" that connects global capital with Chinese biotech innovation in an address to the Biotechnology Investment Forum of BIOHK2026 on Thursday. He pointed out that global biotech fundraising reached approximately US$70 billion last year, an increase of more than 10 percent, and the value of deals hit US$300 billion…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "RTHK English",
        "title": "Hong Kong ready to be biotech bridge, says Paul Chan",
        "url": "https://urgent.news/2026/09/10/hong-kong-ready-to-be-biotech-bridge-says-paul-chan",
        "published": "2026-09-10T08:06:41.000Z"
      },
      {
        "outlet": "Malay Mail",
        "title": "Hong Kong court finds WSJ sought to deter journalist from union role",
        "url": "https://urgent.news/2026/09/10/hong-kong-court-finds-wsj-sought-to-deter-journalist-from-union-role",
        "published": "2026-09-10T08:38:03.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Hong Kong’s Buildings Department files 259 charges over repair works at fire-hit Wang Fuk Court",
        "url": "https://urgent.news/2026/09/10/hong-kongs-buildings-department-files-259-charges-over-repair-works",
        "published": "2026-09-10T08:40:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}