Why Chinese tech companies are racing to set up in Hong Kong
Mainland firms are using the territory to test products and as a springboard for global expansion.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"We aim to make our product succeed in Hong Kong, and then expand outward."
— Xie Yunpeng , Executive
"shifting to Hong Kong for their primary share listing as geopolitical headwinds dampen their dreams to float in New York."
— Xiaomeng Lu , Academic
"Hong Kong is fashioning itself as a connector to the outside world for Chinese companies."
— Wendy Chang , Academic
"Nearly 500 high-potential or industry-leading tech companies had expressed plans to establish, relocate or expand operations in Hong Kong."
— Eric Chan Kwok-ki , Politician
"The Hong Kong Park of the Hetao Cooperation Zone will focus on frontier technological research and testing."
— Sun Dong , Politician
"Hong Kong enjoys unique advantages as an international financial center, benefiting from bespoke listing rules."
— Luo Yonggang , Politician
Key People
Chief economist for Asia-Pacific at French investment bank Natixis.
Acting Chief Executive of Hong Kong.
Deputy director of the Liaison Office of the Central People’s Government in the HKSAR.
Partner at Albright Stonebridge Group.
Secretary for innovation, technology and industry in Hong Kong.
Affiliated with the Mercator Institute for China Studies, a Germany-based think tank.
William Ruto is the President of Kenya.
Founder of MiningLamp Technology, a Chinese AI software company.
Director at political consultancy Eurasia Group.
Vice-president of Yunji, a mainland Chinese tech company.
Yunji is a Chinese tech company making significant strides in Hong Kong.
Tags
All Coverage
Mainland firms are using the territory to test products and as a springboard for global expansion.
Mainland Chinese tech firms are increasingly establishing operations in Hong Kong to raise capital, test products with international clients, and build credibility for global expansion.
Chinese tech companies are increasingly establishing operations in Hong Kong to access international markets and investors, with firms like Yunji testing products in the region.
Hong Kong is accelerating the development of new quality productive forces to advance its ambitions as an international innovation and technology hub, with nearly 500 tech companies planning to establish or expand operations in the city.
Facing increasing regulatory challenges in the US and EU, Chinese tech firms are turning to Hong Kong as a more favorable platform for expansion and fundraising.
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