The Hong Kong government has pledged to promote the public adoption of licensed stablecoins, unveiling a broad set of new digital asset (DA) policies as the city seeks to cement its role as a global cryptocurrency hub while serving as a test bed for Beijing’s fintech aspirations. In the “Policy Statement 2.0 on the Development…
The Hong Kong government is set to enhance its computing power support for start-ups as part of its ambition to become a leading technology hub, according to the city’s innovation chief, as local start-ups seek global clients at one of Europe’s largest technology shows. Hong Kong planned to establish a new supercomputing centre at Sandy…
Autonomous driving still has more doubters than backers in Hong Kong, but the city is now taking steps that could get more people on board with the technology. Trial runs set for the next five months are worth supporting to develop driverless services. After allowing passenger trials on routes within the airport island, the government…
What is Hong Kong’s answer to Singapore’s Economic Development Board or the mainland’s National Development and Reform Commission? We don’t really have an exact equivalent, perhaps in keeping with our historical stance on the economy, in which the private sector takes the lead and the government role is to facilitate and support. However, in an…
What is Hong Kong’s answer to Singapore’s Economic Development Board or the mainland’s National Development and Reform Commission? We don’t really have an exact equivalent, perhaps in keeping with our historical stance on the economy, in which the private sector takes the lead and the government role is to facilitate and support. However, in an…
Mike Cai Wensheng, the co-founder and chairman of Chinese selfie app Meitu, bought a 53,000 square foot commercial building in Hong Kong for HK$650 million (US$84 million), with plans to turn the property into an incubation hub for start-ups. “It is a personal investment and entrepreneurial initiative, and I plan to engage in more collaborations…
Hong Kong’s drone-based trials to develop a low-altitude economy will put safety first by requiring testing of the devices to be conducted within the direct eye line of operators. Secretary for Transport and Logistics Mable Chan said on Friday that 38 projects were selected from among 72 applications and would cover activities such as logistics,…
Hong Kong’s legislature has approved the city’s first bill targeted at cybersecurity for computer systems needed for critical infrastructure, with operators facing fines of up to HK$5 million (US$643,000) for failing to keep them up to date. The Legislative Council on Wednesday passed the Protection of Critical Infrastructure (Computer System) Bill amid a spate of…
Hong Kong’s legislature has approved the city’s first bill targeted at cybersecurity for computer systems needed for critical infrastructure, with operators facing fines of up to HK$5 million (US$643,000) for failing to keep them up to date. The Legislative Council on Wednesday passed the Protection of Critical Infrastructure (Computer System) Bill amid a spate of…
The Hong Kong government’s investment arm will unveil a partnership with a company specialising in open-source RISC-V chip technology on Friday and later host a joint summit. Financial Secretary Paul Chan Mo-po said on Sunday the partnership to be announced by the government-owned Hong Kong Investment Corporation would help accelerate the development of related industries…