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Hong Kong launches AI strategy to attract global investment
Hong Kong is turning to AI to attract global investment, Financial Secretary Paul Chan Mo-po said at the Global Financial Leaders’ Investment Summit on November 5.
Global private capital investment in AI has surpassed US$190 billion this year, Chan noted, signaling a structural shift in funding.
He said Hong Kong aims to develop AI as a core industry, using top local universities and the capabilities of the Greater Bay Area, which includes Hong Kong, Macao, and nine other cities in southern China.
The government has launched the AI Talent Connect initiative to attract international talent and has invested or co-invested in AI companies, including startups, through the Hong Kong Investment Corporation.
Chan said more Chinese AI researchers are coming to Hong Kong to use the city as a base for academic research and applying research outcomes.
Recent reforms at the Hong Kong stock exchange have supported new-economy companies, including pre-revenue biotech, specialist tech firms, and those with a weighted voting rights structure, in listing on the market.
The share of these companies in Hong Kong’s market capitalization has risen to 35% in 2025 from 16% in 2017.
🔗 Source: South China Morning Post
🧠 Food for thought
Implications, context, and why it matters.
Compute availability remains unclear despite Hong Kong’s AI ambitions
- Cyberport’s AI Supercomputing Centre opened in December 2024 with 1,300 petaflops on Nvidia H800 chips 1. It targets 3,000 petaflops by year end 1. Universities are the largest users 2. The centre runs at over 98% capacity 2.
- Cyberport is testing four mainland Chinese GPU (graphics processing unit) suppliers to cut Nvidia reliance 1. It has not named vendors, shared performance, or set deployment dates, which clouds compute reliability for AI firms. The HK$3 billion AISS (AI Subsidy Scheme) launched in early October 2024 3. Access is narrow since the AISS setup is air gapped (physically isolated with no internet access), needs advanced Kubernetes skills (cluster management software), and caps file uploads at 50GB 4.
Hong Kong Exchanges and Clearing (HKEX) tech listing reforms signal opportunities for financial intermediaries
- The Technology Enterprises Channel (TECH) launched in May 2025 to guide specialist tech and biotech listings 5. The exchange has 300 A1 filings (initial listing applications) with 48 under those regimes 6, which opens advisory work across finance and law.
- Chapters 18A and 18C of the HKEX Listing Rules (for biotech, specialist tech) permit pre revenue listings 7. 24 biotech companies filed applications, with 12 specialist tech firms also filing 7. This supports IPO services in visual intelligence, autonomous driving, and robotics 7. Half of 2025 YTD IPO issuers earn revenue outside mainland China and account for about 80% of IPO fundraising 6.
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