Entrepreneurship

The Hong Kong Trade Development Council (HKTDC) this month opened its GoGBA Business Centre in the Guangdong-Hong Kong-Macao Greater Bay Area city of Jiangmen.

Firms in Mainland China are rapidly moving to expand abroad and regulatory, market and technological changes are paving the way for them.

Fintech has taken off across the world in recent years and companies in Hong Kong’s financial sector are pursuing innovation to enhance safety and protect clients’ assets.

The meteoric growth of economies in Asia during the 20th and 21st centuries generated a phalanx of self-made millionaires and billionaires, many of whom now need to protect and grow their wealth for second and succeeding generations by setting up family offices.

Innovative, high-technology green development has a critical role to play in the city’s future, Hong Kong Special Administrative Region Financial Secretary Paul Chan said when delivering the 2023-24 budget this week.

Fashion-conscious office workers in Central, Hong Kong, have long turned to IL Sarto Tailor – a local specialty tailor focussing on Italian-style, custom-made suits – for such sartorial needs. Yet, the fallout from the pandemic meant many face-to-face meetings were shelved and working from home became routine. Office workers no longer needed to dress to the nines in order to meet customers, which abruptly halved IL Sarto’s business. The brand adapted immediately: in addition to focusing on wedding suits, and launching casual and women's clothing lines, the tailor also plans to open a store in the United Kingdom to capitalise on demand there for tailor-made clothing, particularly in London.