Innovation & Tech

Digitalisation is transforming Hong Kong’s traditional pillar industries – such as finance, trade, professional services and property. At the same time the city is seeking to further diversify its economy and is placing innovation & technology (I&T) front-and-centre in its development plans.

As Hong Kong companies continue to face significant business challenges following the COVID-19 pandemic, they can look to government programmes set up specifically to help small and medium-sized enterprises (SMEs) expand their horizons.

money, a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.

As the world recovers from the COVID-19 pandemic, most small and medium-sized enterprises (SMEs) in Hong Kong need to rethink their operations to adapt to the new normal – and many are choosing to digitally transform their business.

Supply-chain disruptions driven by the COVID-19 pandemic and associated control measures severely disrupted computer hardware production, creating strong demand for cloud-based software-as-a-service (SaaS) applications.

A consumer shift towards cultural activities is boosting licensing opportunities in Hong Kong, with the city continuing to develop as a hub for intellectual property (IP)-related businesses.

The inflation currently sweeping across the globe is relatively muted in Hong Kong and Mainland China, but cost rises for raw materials energy are starting to have an impact on industries in the export-focused Guangdong-Hong Kong-Macao Greater Bay Area (GBA).