Hong Kong market seen funding more ‘jaw-dropping' Chinese start-up innovations
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'China has many enterprises that are low-key, but they are not 'lying flat', as many of them are working very hard on various innovation and technology developments,' Bonnie Chan Yiting, CEO of bourse operator
Hong Kong Exchanges and Clearing (HKEX) , said on the opening day of the three-day HSBC Global Investment Summit 2025 in Hong Kong.
Thanks to recent
listing reforms , HKEX is ready to support biotechnology and other technology firms in raising funds in Hong Kong, even if some of them have not yet earned any income, she said during a panel discussion.
'Hong Kong, where many institutional investors and sovereign funds trade, can provide the long-term funding needed by these start-ups to provide more jaw-dropping technology breakthroughs in future,' she said.
Li Yimei, CEO of China Asset Management, said many investors were investing for short-term returns, so the Chinese government recently called on insurance companies
to invest more in stocks to provide long-term funding for these start-ups.
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'For investors, it is the beginning of a long-term journey to invest in China's innovation story, yielding benefits in the future,' she said. 'They need to be patient as many of these technology developments need huge sums of investment for many years to achieve a breakthrough. But [
artificial intelligence start-up] DeepSeek has proven that Chinese start-ups have the ability to deliver technological breakthroughs.'
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