Hong Kong’s start-up ecosystem has proved attractive to many entrepreneurs, and initiatives such as StartmeupHK help fledgling businesses from overseas set up or expand in the city by making introductions and hosting networking events. Government initiatives additionally include incubation and accelerator programmes, including the FinTech Innovation Lab Asia-Pacific and SOW Asia’s i2i (“Incubation to Investment”) programme, Hong Kong’s first accelerator built exclusively for social enterprises. There are
Economic Developments & Potentials
At the heart of Asia, with world-class infrastructure and a business-friendly environment, Hong Kong is one of the world’s top financial centres.
Hong Kong invests heavily in its infrastructure to boost connectivity locally and globally, and the city ranked third globally for quality of infrastructure in the World Economic Forum’s Global Competitiveness Report 2019. Demonstrating its continued commitment to infrastructure development, the 2022/23 budget allocated HK$84.1 billion in capital works (around 10.4 percent of the budget total) towards building an even better infrastructure for Hong Kong.
Embracing innovation and technology to build a world-renowned Smart Hong Kong characterised by a strong economy and high standard of living, the Government is committed to making Hong Kong an even better place to live through initiatives ranging from more free public Wi-Fi spots to a greater number of cycle paths.
One factor everyone looking to relocate abroad will consider is rebuilding their social circle, be that buddies for after-work drinks to other parents you can share playdates with. After all, uprooting your life and relocating to a new city where the primary language is not English can be intimidating.
An international centre for finance, commerce and trade, Hong Kong is a major hub for investment, transportation and logistics. The city was recently recognised as one of the world's most competitive economies by the International Institute for Management Development (IMD) World Competitive Yearbook 2022, which ranked Hong Kong fifth out of 63 economies.