Hong Kong’s tech sector calls for more financial support for start-ups, as city pushes to be global tech hub

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He continued,” For island businesses like Tencent or Alibaba, they have their own growth center in mainland China.” & nbsp,

Hong Kong is more akin to their financial center. Businesses want to base their top management around so they can collaborate on This tactics with their peers in China.

However, Mr. Kwan warned that as part of a de-risking strategy that businesses have used in the past ten years, multinational corporations had re-evaluate whether Hong Kong is an appropriate location to continue parking their local headquarters. & nbsp,

He observed that” Companies have started deploying their software personnel throughout the place.” They do not want to relocate everyone to the same area. It will typically get a blend of Singapore and Hong Kong. Additionally, it will be combined with locations like Tokyo, China, Kuala Lumpur, or Manila.

BOLSTERING THE TECH AMBITIONS OF HONG KONG

Industry players think that utilizing the resources of the Greater Bay Area ( GBA ) can support Hong Kong’s own tech aspirations.

According to Mr. Simon Chan, president of the high-tech area Cyberport, one of our advantages is that we have a sizable market in terms of skills sources as well as the market for company solutions, tech solutions and applications. & nbsp,

According to employment changes, experts from the island, for example, make up 95 % of candidates under Hong Kong’s Top Talent Pass Scheme. & nbsp,

On the other hand, American expats have returned more slowly. & nbsp,

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Taiwan defends Foxconn over China tax probe

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TAIPEI: On Monday, October 23, Taiwan defended software behemoth Foxconn in response to a Chinese research into several of the company’s websites, arguing that Chinese companies shouldn’t be” politically interfered with.” Chinese officials are conducting on-site investigations into Foxconn’s land use in northern Hunan and Hubei regions as well asContinue Reading

Australian PM says deal reached with China over wine tariffs, will meet Xi in November

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DISPUTE TARIFF At the top of a contentious conflict with Australia’s former conservative authorities, China imposed tariffs on important American exports like wheat, beef, and wine in 2020, flexing its financial muscle. Additionally, it stopped the importation of some of Australia’s most important goods, such as fuel, which reduced tradeContinue Reading

Former Bank of China chairman arrested for corruption

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BEIJING: According to state media reports released on Monday, October 16, citing the nation’s leading counsel, the former president of the Bank of China has been fully detained on suspicion of corruption. The state-owned banks announced in February that Liu Lian’ge, 62, had resigned as president and was no longerContinue Reading

Employers increase focus on wellbeing in workplaces, amid rising mental health challenges: Experts

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We continue to see some significant challenges in our place, he said, according to the studies we conducted this year and in 2023 across 32 states.

He claimed that, for example, 29 % of Singaporean people report signs and symptoms of stress, a number that is higher than the global normal. Although the percentage is lower in Indonesia, at 19 %,” it’s still one in five people ,” said Mr. Carmichael.

” What it tells us is that there is a problem that we still need to overcome for every workplace, for each and every one of our leadership ,” he said.

Mr. Carmichael continued by saying that a nation’s traditions, history, objectives, and attitudes toward mental health can all have an effect and that no nation is immune to these difficulties.

Business Lifestyle AND May

” COVID accelerated that. The dialogue is different now than it was five years ago. It made a lot of the discussion more normal, according to Mr. Carmichael, who has worked in the industry for around nine times.

According to Dr. Low Kiang Wei, clinical director of consulting and health providers at International SOS, more businesses, particularly the bigger ones, are giving employees’ cognitive health top priority.

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