Hong Kong a stepping stone to intl business for Thai start-ups
Hong Kong is inviting Thai start-ups to leverage the city as a gateway to global markets, particularly China, by offering comprehensive financial and regulatory support, states InvestHK's director-general, Alpha Lau.
This initiative upholds Hong Kong's role as an established global business platform, historically favored by Western firms entering Asia, and now accessible to Thai entrepreneurs looking to expand internationally.
During a media interview at InvestHK's Bangkok roadshow, Lau emphasized the city's interest in attracting Thai start-ups, in addition to traditional sectors like fashion, luxury, consumer goods, and jewelry. She underlined Hong Kong's supportive start-up infrastructure through initiatives like Science Park and Cyberport.
Lau commended Thai innovations in various tech sectors and envisages that Hong Kong's vibrant start-up environment will be advantageous for them. Data shows an uptick in Hong Kong start-ups and employment, with 4,257 start-ups hiring 16,453 individuals despite global challenges.
Hong Kong's allure for founders is attributed to its simple, low-tax regime, market accessibility, funding availability, Mainland China business prospects, and unrestricted information flow.
The city's entrepreneurial spirit and the productivity of its workforce make it an ideal hub for targeting the Greater Bay Area and Asia, Lau added. Thai products, notably rice, which forms 60% of Hong Kong's consumption, continue to be in demand.
Now at InvestHK's helm since November, Lau is committed to promoting Thai brands in Hong Kong and China. She notes that while Hong Kong remains a key global financial center, it's diversifying with a focus on emerging ASEAN markets, including Thailand.
InvestHK had success registering 412 international firms in 2023, and Lau expects even more as the economy recovers.
Over the weekend, Hong Kong's Financial Secretary Paul Chan highlighted increasing ASEAN trade, with exports rising to 7.9% in 2023. He shared plans for transforming Hong Kong into a multi-service supply chain hub and attracting Mainland manufacturers to establish regional offices, capitalizing on the city's vast management expertise and market benefits.
During a media interview at InvestHK's Bangkok roadshow, Lau emphasized the city's interest in attracting Thai start-ups, in addition to traditional sectors like fashion, luxury, consumer goods, and jewelry. She underlined Hong Kong's supportive start-up infrastructure through initiatives like Science Park and Cyberport.
Lau commended Thai innovations in various tech sectors and envisages that Hong Kong's vibrant start-up environment will be advantageous for them. Data shows an uptick in Hong Kong start-ups and employment, with 4,257 start-ups hiring 16,453 individuals despite global challenges.
Hong Kong's allure for founders is attributed to its simple, low-tax regime, market accessibility, funding availability, Mainland China business prospects, and unrestricted information flow.
The city's entrepreneurial spirit and the productivity of its workforce make it an ideal hub for targeting the Greater Bay Area and Asia, Lau added. Thai products, notably rice, which forms 60% of Hong Kong's consumption, continue to be in demand.
Now at InvestHK's helm since November, Lau is committed to promoting Thai brands in Hong Kong and China. She notes that while Hong Kong remains a key global financial center, it's diversifying with a focus on emerging ASEAN markets, including Thailand.
InvestHK had success registering 412 international firms in 2023, and Lau expects even more as the economy recovers.
Over the weekend, Hong Kong's Financial Secretary Paul Chan highlighted increasing ASEAN trade, with exports rising to 7.9% in 2023. He shared plans for transforming Hong Kong into a multi-service supply chain hub and attracting Mainland manufacturers to establish regional offices, capitalizing on the city's vast management expertise and market benefits.
