Business · Companies · 2 hrs ago

Hong Kong urged to ease listing rules to attract start-ups and angel funds

Hong Kong urged to ease listing rules to attract start-ups and angel funds

Hong Kong has about 100 active angel funds, which invest in very early-stage businesses.

Samson Tam, honorary chairman of the Hong Kong Electronic Industries Association, says that number is far below Shenzhen’s roughly 400.

He says Hong Kong lacks angel funds and other early-stage investors compared with places such as Shenzhen, Shanghai and the United States.

Tam argues that this funding gap makes it harder for Hong Kong to attract start-up founders.

The industry group says Hong Kong should ease its listing rules and transaction requirements to attract more funds.

Its aim is to make the city a stronger start-up hub and help local companies expand globally.

Sources

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