Hong Kong Business News

Financial Secretary Paul Chan wrapped up his visit in New York yesterday by meeting representatives from several family offices and touring a technology accelerator and venture capital platform.

In the morning, Mr Chan held a breakfast meeting with representatives from several family offices, introducing Hong Kong's unique advantages as a global leading hub for asset and wealth management, as well as the latest developments in this field.

He welcomed them to leverage Hong Kong's efficient and diverse capital markets, robust family office service network and ecosystem, and global business connections for wealth succession and developing family philanthropies, while exploring more investment opportunities in the Mainland and Asia.

The Financial Secretary then visited the technology accelerator and venture capital platform Newlab, where apart from touring the startups they nurture and support, he met their staff in charge.

Noting that the platform is considering expanding its business overseas and establishing more locations, Mr Chan highlighted the Innovation & Technology Accelerator Pilot Scheme in the recently announced Policy Address.

He said that with over 4,200 startups in Hong Kong, the city has a vibrant and active startup ecosystem, a full-chain fundraising market, and a listing system tailored for specialised tech companies.

Furthermore, with ongoing deepening co-operation with the Guangdong-Hong Kong-Macao Greater Bay Area cities in innovation and technology, he welcomed the platform to set up a base in Hong Kong and explore collaboration opportunities.

Mr Chan is expected to arrive back in Hong Kong tonight.

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