Hong Kong Strives to Improve Start-Up Ecosystem by Offering More Incentives
According to Paul Chan, the Secretary of Finance of Hong Kong, the government will consider increasing tax and other financial incentives for foreign investors willing to invest in companies at the initial stage of their operations.
Start-up business angels who manage direct investment funds providing the first stage of financing for newly created companies play an important role in the development of the ecosystem stimulating innovation and development of the Hong Kong technology industry.
At the moment most of these investors work outside of Hong Kong. They can offer capital and professional advice for the further growth of newly established startups. After a certain stage of development, these start-ups will be able to attract other direct or venture capital investments and in future it is also possible for companies to enter the stock market.